Tag Archives: Henry Hazlitt

From Henry Hazlitt (1894–1993) , American journalist who wrote about business and economics,  Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics (1946):

Everything 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.”

From Henry Hazlitt, in Economics In One Lesson:

But the tragedy is that, on the contrary, we are already suffering the long-run consequences of the policies of the remote or recent past. Today is already the tomorrow which the bad economist yesterday urged us to ignore.