“Here we shall have to say simply that all government expenditures must eventually be paid out of the proceeds of taxation; that inflation itself is merely a form, and a particularly vicious form, of taxation.”
Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
“Inflation itself is a form of taxation. It is perhaps the worst possible form, which usually bears hardest on those least able to pay.”
Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
“There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has.”
Henry Hazlitt, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
