Biggest religion : “There is no more persistent and influential faith in the world today than the faith in government spending.”
Biggest Industry : “Printing money is the world’s biggest industry - if the product is measured in monetary terms.”
— Henry Hazlitt, Economics in One Lesson, 1946
I picked up this book over the weekend. It's a quick and easy to read kinda book, and very enlightening. Henry Hazlitt (1894-1993) was a socialist turned libertarian - who, with his high school education - went on to become one of the most influential writers and editors in major media outlets like The Wall Street Journal, The New York Times and authored many books.
He was also a good friend of Ludwig von Mises and played a big role in introducing Misses and his ideas to the American public. He got Mises a teaching position in the US when he fled Europe during WW2.
Given Hazlitt’s libertarian thoughts, he was against war and gov’t spending. But as much as he embraced capitalism, he did not advocate for excessive, unbridled capitalism - and I think this nuance deserves deeper consideration in today’s world.
pam
npub1pv…kdx8c
2024-08-26 15:24:33
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npub1pvgcusxk7006hvtlyx555erhq8c5pk9svw57snlxujpkgnkup89sekdx8cPublished at
2024-08-26 15:24:33Event JSON
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"content": "Biggest religion : “There is no more persistent and influential faith in the world today than the faith in government spending.”\n\nBiggest Industry : “Printing money is the world’s biggest industry - if the product is measured in monetary terms.”\n\n— Henry Hazlitt, Economics in One Lesson, 1946\n\nI picked up this book over the weekend. It's a quick and easy to read kinda book, and very enlightening. Henry Hazlitt (1894-1993) was a socialist turned libertarian - who, with his high school education - went on to become one of the most influential writers and editors in major media outlets like The Wall Street Journal, The New York Times and authored many books. \n\nHe was also a good friend of Ludwig von Mises and played a big role in introducing Misses and his ideas to the American public. He got Mises a teaching position in the US when he fled Europe during WW2. \n\nGiven Hazlitt’s libertarian thoughts, he was against war and gov’t spending. But as much as he embraced capitalism, he did not advocate for excessive, unbridled capitalism - and I think this nuance deserves deeper consideration in today’s world.\n",
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