Every man knows there are evils in the world which need setting right… to most men one in particular stands out vividly… it stands out with such startling vividness that they lose sight of other evils. To the Socialist this evil is the capitalistic system; to the feminist, it is the subjection of women; to the clergyman, it is the decline of religion; to the staunch Republican it is the Democratic Party, and so on, ad infinitum. I, too, have a pet little evil, to which I am apt to attribute all the others. This evil is the neglect of thinking. And when I say thinking I mean real thinking, independent thinking, hard thinking. —Henry Hazlitt
Every man knows there are evils in the world which need setting right… to most men one in particular stands out vividly… it stands out with such startling vividness that they lose sight of other evils. To the Socialist this evil is the capitalistic system; to the feminist, it is the subjection of women; to the clergyman, it is the decline of religion; to the staunch Republican it is the Democratic Party, and so on, ad infinitum. I, too, have a pet little evil, to which I am apt to attribute all the others. This evil is the neglect of thinking. And when I say thinking I mean real thinking, independent thinking, hard thinking. —Henry Hazlitt
When your money is taken by a thief, you get nothing in return. When your money is taken through taxes to support needless bureaucrats, precisely the same situation exists. —Henry Hazlitt
When your money is taken by a thief, you get nothing in return. When your money is taken through taxes to support needless bureaucrats, precisely the same situation exists. —Henry Hazlitt
Government-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 the profession and teaching a statist, pro-government, and socialist ideology. —Henry Hazlitt
Government-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 the profession and teaching a statist, pro-government, and socialist ideology. —Henry Hazlitt
The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects — his laziness, incompetence, improvidence or stupidity. Never believe in the honesty or disinterestedness of anyone who disagrees with you. This basic hatred is the heart of Marxism. This is its animating force. You can throw away the dialectical materialism, the Hegelian framework, the technical jargon, the “scientific” analysis, and millions of pretentious words, and you still have the core: the implacable hatred and envy that are the raison d’etre for all the rest. — Henry Hazlitt
The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others.
Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects — his laziness, incompetence, improvidence or stupidity. Never believe in the honesty or disinterestedness of anyone who disagrees with you.
This basic hatred is the heart of Marxism. This is its animating force. You can throw away the dialectical materialism, the Hegelian framework, the technical jargon, the “scientific” analysis, and millions of pretentious words, and you still have the core: the implacable hatred and envy that are the raison d’etre for all the rest.
The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others.
Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects — his laziness, incompetence, improvidence or stupidity. Never believe in the honesty or disinterestedness of anyone who disagrees with you.
This basic hatred is the heart of Marxism. This is its animating force. You can throw away the dialectical materialism, the Hegelian framework, the technical jargon, the “scientific” analysis, and millions of pretentious words, and you still have the core: the implacable hatred and envy that are the raison d’etre for all the rest.
Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise.
They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to buy houses that they cannot really afford. They tend eventually to bring about an over-supply of houses. They temporarily over stimulate building, raise the cost of building for everybody. May mislead the building industry into an eventually over expansion.
In brief, in the long run they do not increase overall national production but encourage malinvestment. —Henry Hazlitt
Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to buy houses that they cannot really afford. They tend eventually to bring about an over-supply of houses. They temporarily over stimulate building, raise the cost of building for everybody. May mislead the building industry into an eventually over expansion. In brief, in the long run they do not increase overall national production but encourage malinvestment. —Henry Hazlitt
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity.
The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity. The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
