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Henry Hazlitt on Liberty: 21 Choice Quotes

Hazlitt’s most important contribution was his consistent defense of the central importance of liberty in American life, even though it lost him more than one job. At a time when real commitment to liberty is scarce, Americans need to remember his wisdom.

Wage Rates Under Capitalism

Wage Rates Under Capitalism

In a free market, within the limit of his abilities, each person chooses that job which he believes offers him the best combination of money and nonmonetary considerations. In so doing, he simultaneously acts for his own maximum well-being and for that of the consumers who buy the ultimate products his labor helps to produce.

Privatize Disaster Relief

Privatize Disaster Relief

The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.

Commodity Speculation in a Free-Market

Commodity Speculation in a Free-Market

Speculative activity, of course, is not limited to anticipating just future scarcities. Rather, it seeks in general to balance consumption and production over time by accumulating stocks of commodities and regulating their rate of consumption.

The Landlord Shrugged

The Landlord Shrugged

Government officials love to loudly proclaim the great benefits that tenants will enjoy by restricting and controlling landlords. The folly of their schemes will become clear when they discover that the landlord shrugged.

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