Henry Hazlitt Quotes About Loan
-
There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan.
→ -
All loans, in the eyes of honest borrowers, must eventually be repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.
→ -
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.
→
Related Authors
-
Jeffrey Tucker Publisher -
F. A. Harper Economist -
Walter Block Economist -
Llewellyn Rockwell Author -
William Hazlitt Writer -
Murray Rothbard Economist -
Friedrich August von Hayek Economist -
Hans-Hermann Hoppe Economist -
Carl Menger Economist -
Robert P. Murphy Economist -
John Maynard Keynes Economist -
-
Thomas Sowell Economist -
Milton Friedman Economist -
Ludwig von Mises Philosopher -
Frederic Bastiat Economist -
Ayn Rand Novelist -
George Reisman Economist