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Everything we get, outside of the free gifts of nature, must in some way be paid for.
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
We can clarify our thinking if we put our chief emphasis where it belongs—on policies that will maximize production.
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
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Rather its effort is to show that many of 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 • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Contrary to a popular impression, profits are achieved not by raising prices, but by introducing economies and efficiencies that cut costs of production.
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
The problem of distribution, on which all the stress is being put today, is after all more easily solved the more there is to distribute.
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
buying power is wiped out to the same extent as productive power is wiped out.