I see no reason better than greed for claiming that I 'deserve' a share of someone else's wealth, which I have had no part in producing. —David Friedman (The Machinery of Freedom)
I see no reason better than greed for claiming that I ‘deserve’ a share of someone else’s wealth, which I have had no part in producing. —David Friedman (The Machinery of Freedom)
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity.
The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
Printing money in place of real savings can create the illusion of more wealth. Just as the addition of water can create the illusion of more milk. —Henry Hazlitt
Printing money in place of real savings can create the illusion of more wealth. Just as the addition of water can create the illusion of more milk. —Henry Hazlitt
