To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the p — Henry Hazlitt
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the p — Henry Hazlitt
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the p — Henry Hazlitt
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the p — Henry Hazlitt
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the p — Henry Hazlitt
Download Customize

To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano.

— Henry Hazlitt
Pin Share Tweet Telegram
Topics
austrian economics austrian school of economics classical liberalism economics government libertarian

More “Austrian economics” Quotes

There are two and only two ways that any economy can be organized. One is by freedom and voluntary choice—the way of the — Murray N. Rothbard
No man can rightfully be required to join, or support, an association whose protection he does not desire. — Lysander Spooner
In proportion as you give the state power to do things for you, you give it power to do things to you. — Albert Jay Nock
Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge deman — Jeffrey Tucker
In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save t — Jeffrey Tucker
Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as ad — Robert Higgs
Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged crimina — Murray N. Rothbard
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of publi — Ludwig von Mises
If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about t — Ludwig von Mises
What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a ma — Jeffrey Tucker
The valuations which result in determination of definite prices are different. Each party attaches a higher value to the — Ludwig von Mises
It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost. — Murray N. Rothbard