For every dollar that is spent on...

For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. They will have that much taken away from them which they would otherwise have spent on the things they needed most.

- Henry Hazlitt

Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics

coercion economics krugman public-works stimulus taxation theft waste

Other quotes by Henry Hazlitt

need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.

- Henry Hazlitt

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 thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine - the special pleading of selfish interests.

- Henry Hazlitt

Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself

- Henry Hazlitt

If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very class for whose benefit we have been trying to run it. We must run the economy for everybody

- Henry Hazlitt

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 thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine—the special pleading of selfish interests.

- 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.

- Henry Hazlitt

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