"ECONOMICS IS HAUNTED by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a tho..."
- Henry Hazlitt
"When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business."
"..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spendin..."
"What is put into the hands of B cannot be put into the hands of A."
"private loans will utilize existing resources and capital far better than government loans. Government loans will waste far more capital and resources than private loans. Government loans, in short, a..."