“Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. But it must refrain from specific economic interventions. Government’s main economic function is to encourage and preserve a free market. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: “Yes, stand a little less between me and the sun.” It is what every citizen is entitled to ask of his government.”
Henry Hazlitt, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
“Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because “we owe it to ourselves.”
Henry Hazlitt, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: “In the long run we are all dead.” And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.”
Henry Hazlitt, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
Ya! Henry Hazlitt statements are spot on. But most people aren’t thinkers, they’re feelers and that’s the rub!
Feelers feel that getting something for free out weights the feeling one get by creating something thru hard work. But that always ends in frustration and misery. Frustration in that your well laid plans didn’t work the way you wanted and the misery you are now experiencing is the fault of someone other than yourself or the fault is something out of your control.
60% of the population are feeler. Just look at the current prez election between Trump and HiLIARy as an example. What are the commercials about? FEELINGS, that what. How many rational commercials do you see on TV–ZILCH! You’re being carried to your doom by a wave of feelers.
All, yea, who enter the voting booth, abandon all hope!