“If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.”
Henry Hazlitt
Henry Hazlitt was an American economic journalist and philosopher, known for his clear analyses of economic issues.
This quote reminds us that inflationary measures by a government inevitably lead to economic consequences that cannot be avoided by tricks or indexation.
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Henry Hazlitt on Inflation: Why No Measure Can Prevent Economic Consequences
Henry Hazlitt explains why inflationary government measures cannot prevent economic consequences – an essential insight into monetary policy.
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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