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.
Henry Hazlitt
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Mere inflationthat is the mere issuance of more money with the consequence of higher wages and pricesmay look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.
- Henry Hazlitt -
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The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
- Henry Hazlitt -