RLM News Show Podcast Blog – September 27, 2013

“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

“The ‘private sector’ of the economy is, in fact, the voluntary sector; and the ‘public sector’ is, in fact, the coercive sector.”
Henry Hazlitt

“The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production. Total real wealth and income is made smaller than it would otherwise be. On net balance there is more poverty rather than less.”
Henry Hazlitt

“Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine — the special pleading of selfish interests.”
Henry Hazlitt

“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 Hazlitt

“Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.”
Henry Hazlitt
Henry Hazlett: Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics