When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.
Henry HazlittPractically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.
Henry HazlittThe art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Henry HazlittEverything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves."
Henry HazlittInflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.
Henry HazlittGovernment provided free tuition tends more and more to produce a uniform conformist education, with college faculties ultimately dependent for their jobs on the government, and so developing an economic interest in profession and teaching a statist, pro-government, and socialist ideology.
Henry Hazlitt