The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation … - Henry Hazlitt

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a personality devoted uniquely to its own development absorbs other lives.

Henry Hazlitt

The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse.

Disillusionment, Eventual, Gambling, Government, Growth, Malinvestment

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Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so.

Capitalism, Extent, Increasingly, Mass, Poverty

The only way government bureaucrats know of keeping prosperity going is to inflate some more - to increase the deficit or to pump more money into the system.

Government, Keeping, Pumps, System, Way

Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians in power to resist the constant demands for further inflation.

Accepted, Demand, Determined, Idea, Ideas, Resist

The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen against aggression, violence, theft, and fraud.

Order, Law, Justice, Fraud, State

The solution to our problems is not more paternalism, laws, decrees, and controls, but the restoration of liberty and free enterprise, the restoration of incentives, to let loose the tremendous constructive energies of 300 million Americans.

Law, Liberty, Energy, 300, Million, Solution