Henry Hazlitt on Currency Debasement and Real Income

„It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more.“

Henry HazlittHenry Hazlitt explains that real income rises only through work and production, not currency debasement.
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Henry Hazlitt was an American economic journalist and philosopher, known for his clear analyses of economic issues.

The quote explains the difference between nominal and real income in the context of currency debasement.


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Henry Hazlitt quote about currency debasement and real income

Henry Hazlitt (1894–1993) was an American journalist, economist, and philosopher. He authored numerous books and articles advocating free-market economics. Hazlitt is best known for his book "Economics in One Lesson," which presents economic principles in an accessible way.

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