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.
Author
Henry Hazlitt
3 quotations
About Henry Hazlitt
Henry Stuart Hazlitt was an American journalist, economist, and philosopher known for his advocacy of free markets and classical liberal principles. Over a career spanning more than seven decades, Hazlitt wrote extensively on business, economics, and public policy for prominent publications, including The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. He is best known for his 1946 book, Economics in One Lesson, a work grounded in the Austrian school of …
Read on Wikipedia → Find books by Henry HazlittThe 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.
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy it consists in tracing the consequences of that policy not merely for one group but…