Quote

The long-run historical tendency of capitalism has not only been to increase real incomes more or less proportionately nearly all along the line, but to benefit the masses even more than the rich.

Henry Hazlitt

Change background

T
T
T

Change font

TAGS & TOPICS

Henry Hazlitt
Age: 98 †
Born: 1894
Born: November 28
Died: 1993
Died: July 8
Economist
Journalist
Philosopher
Philadelphia
Pennsylvania
Henry Stuart Hazlitt
Less
Historical
Incomes
Running
Increase
Masses
Real
Benefits
Tendency
Even
Mass
Tendencies
Long
Line
Benefit
Along
Nearly
Lines
Income
Rich
Capitalism
Proportionately

More quotes by Henry Hazlitt

Image
The envious are more likely to be mollified by seeing others deprived of some advantage than by gaining it for themselves. It is not what they lack that chiefly troubles them, but what others have.
Henry Hazlitt
Image
Inflation is a form of tax, a tax that we all collectively must pay.
Henry Hazlitt
Image
Relief, or redistribution of income, voluntary or coerced, is never the true solution of poverty, but at best a makeshift, which may mask the disease and mitigate the pain, but provides no basic cure.
Henry Hazlitt
Image
The sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free market to argument to the enemy, they fail to defend themselves adequately even when attacked.
Henry Hazlitt
Image
Today is already the tomorrow which the bad economist yesterday urged us to ignore.
Henry Hazlitt
Image
The government has nothing to give to anybody that it doesn't first take from someone else.
Henry Hazlitt
Image
If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
Henry Hazlitt
Image
Economics is haunted by more fallacies than any other study known to man
Henry Hazlitt
Image
There is no more certain way to deter employment than to harass and penalize employers.
Henry Hazlitt
Image
Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty.
Henry Hazlitt
Image
The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, and investment. And the way to do this is to maintain a free market and a sound currency.
Henry Hazlitt
Image
Bureaucrats denounce private enterprise for the consequences of their own reckless policies and demand still more governmental controls.
Henry Hazlitt
Image
The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.
Henry Hazlitt
Image
The solution to our problems is not more paternalism, laws, decrees, and controls, but the restoration of liberty and free enterprise, the restoration of incentives, to let loose the tremendous constructive energies of 300 million Americans.
Henry Hazlitt
Image
Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so.
Henry Hazlitt
Image
Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.
Henry Hazlitt
Image
The tendency of welfare spending in the United States has been to increase at an exponential rate.
Henry Hazlitt
Image
The only real cure for poverty is production.
Henry Hazlitt
Image
The capitalist system has lifted mankind out of mass poverty. It is this system that in the last century, in the last generation, even in the last decade, has acceleratively been changing the face of the world, and has provided the masses of mankind with amenities that even kings did not possess or imagine a few generations ago.
Henry Hazlitt
Image
The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen against aggression, violence, theft, and fraud.
Henry Hazlitt