Quote by Henry Hazlitt on Inflation, Deficit, and Prosperity

„The only way government bureaucrats know of keeping prosperity going is to inflate some more - to increase the deficit or to pump more money into the system.“

Henry HazlittQuote by Henry Hazlitt on the role of inflation and deficit in maintaining prosperity by governments.
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Henry Hazlitt was an American economic journalist and philosopher, known for his clear analyses of economic issues.

Quotation by Henry Hazlitt discussing the economic role of inflation and government deficit.


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Henry Hazlitt quote about inflation, government deficits, and prosperity

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.

Quote by Henry Hazlitt about inflation and its unavoidable economic consequencesCopyright © yoice.net – Quote Artwork
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"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
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Ludwig von Mises quote about bureaucracy, government offices, and administrative measuresCopyright © yoice.net – Quote Artwork
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"Only to bureaucrats can the idea occur that establishing new offices, promulgating new decrees, and increasing the number of government employees alone can be described as positive and beneficial measures." Ludwig von Mises
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Quote by Ludwig von Mises about artificial booms and economic crisesCopyright © yoice.net – Quote Artwork
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"True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression." Ludwig von Mises
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