The thing so great that “private capital could not have bui… - Henry Hazlitt

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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

Henry Hazlitt

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About Henry Hazlitt

Henry Stuart Hazlitt (November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.

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Alternative Names: Henry Stuart Hazlitt

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John Maynard Keynes Milton Friedman Friedrich Hayek John Kenneth Galbraith Jean-Baptiste Say

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And in terms of welfare, of course, the loss suffered will be much greater than the loss in merely arithmetical terms, because the psychological losses of those who are unemployed will greatly outweigh the psychological gains of those with a slightly higher income in terms of purchasing power.

The demoralization that the debasement of the currency left in its wake played a major role in bringing Adolf Hitler into power in 1933.

..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spending will appear in another light.

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 ta… - Henry Hazlitt

About Henry Hazlitt

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