225 Quotes by Henry Hazlitt

What men do not know about they take for granted. Knowledge furnishes problems, and the discovery of problems itself constitutes an intellectual advance.

It is typical of government price-fixing schemes that they escape one undesired consequence only by plunging into another and usually worse one.

Prices are determined by supply and demand, and demand is determined by how intensely people want a commodity and what they have to offer in exchange for it.

The interest rate is merely the special name for the price of loaned capital. It is a price like any other.

In sum, so far as the politicians are concerned, the lesson that this book tried to instill more than thirty years ago does not seem to have been learned anywhere.

The thing so great that “private capital could not have built it” has in fact been built by private capital – the capital that was expropriated in taxes.

Taxation for public housing destroys as many jobs in other lines as it creates in housing.

Though the legislation follows the rise of the prevailing market wage rate, the myth continues to be built up that it is the minimum wage legislation that has raised the market wage.

The volume is therefore primarily one of exposition. It makes no claim to originality with regard to any of the chief ideas that it expounds. Rather its effort is to show that many of the ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.