Henry HazlittHenry Hazlitt, (1894-1993) American journalist specializing in business and economics

Henry Hazlitt Quote

“The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken as a whole is one of hyperinflation, devaluation and monetary chaos.”

Henry HazlittHenry Hazlitt
~ Henry Hazlitt


Ratings and Comments


J Carlton, Calgary

"responsible money management" = theft on a massive scale. 5 stars for accuracy

Carol Dorrough, Estero, Florida

Gold, precious metals and gemstones are real: as a means of accumulating wealth, saving, paying for goods and services, and transfering wealth to future generations. Fiat or paper money is not real, it's a human invention, a mirage, an illusion, a game of smoke and mirrors, a cycle of perpetual destruction. This will never change.

jim k, Austin, Tx

Carol is, unfortunately, correct.

Mike, Norwalk

A very accurate synopsis. The current Bidonomics is just another twist in paper’s degradation.

Fredrick William Sillik, Anytown

Trial and error. The fledgling offspring needs experience  to refine its way.  

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