Henry Hazlitt (1894-1993) was a journalist who wrote about economic conditions for The New York Times, The Wall Street Journal and Newsweek. He is considered to be one of the leading economic thinkers in the “Austrian school.” Among other things he wrote the classic Economics in One Lesson (1946).
Quotes by Henry Hazlitt:
Capitalism, or private enterprise, is simply another name for liberty in the economic sphere. It leaves the individual free to produce what he wants and free to consume what he wants. It allows him to keep the fruits of his labor. It protects him in the right by the institution of private property. Private enterprise is not merely a means it is not simply a remarkable gadget for production it is also an end in itself. It is the system of economic liberty. Once economic liberty is abridged, or destroyed, all other liberty is abridged or destroyed with it. ‘Power over a man’s subsistence,’ said Alexander Hamilton, ‘is power over his will.’