Quote by Henry Hazlitt on the Value of Precious Metals

„If precious metals had been abundant, they would not have been precious.“

Henry HazlittHenry Hazlitt explains why scarcity determines the value of precious metals.
PreviousNext

Henry Hazlitt was an American economic journalist and philosopher, known for his clear analyses of economic issues.

This statement by Henry Hazlitt reflects economic principles about scarcity and the value of precious metals.


Translation or original: 🇩🇪Click here

Quelle: Hier klicken

i

3.0 / 5

Henry Hazlitt quote about the value and scarcity of precious metals

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.

Murray Rothbard quote about gold as the best moneyCopyright © yoice.net – Quote Artwork
/
0 Comments
"It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society." Murray Rothbard
Read more
Murray Rothbard quote about money, scarcity, and the effects of increasing the money supplyCopyright © yoice.net – Quote Artwork
/
0 Comments
"Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark." Murray Rothbard
Read more
Murray Rothbard quote about gold as the monetary standardCopyright © yoice.net – Quote Artwork
/
0 Comments
"Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium." Murray Rothbard
Read more
Hans-Hermann Hoppe quote about money and economic theoryCopyright © yoice.net – Quote Artwork
/
0 Comments
"Economic theory has nothing to say as to what commodity will acquire the status of money. Historically, it happened to be gold. But if the physical makeup of our world would have been different or is to become different from what it is now, some other commodity would have become or might become money. The market will decide." Hans-Hermann Hoppe
Read more
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

The Goal of Tyrants – Quote by Donald JamesQuote image for The Goal of Tyrants by Donald JamesCopyright © yoice.net – Quote ArtworkHenry Hazlitt quote about employers and employmentCopyright © yoice.net – Quote ArtworkQuote by Henry Hazlitt on Employers and Employment