The "Austrian" economists, more consistently than those of any other school, have criticized nearly all forms of government intervention in the market - especially inflation, price controls, and schemes for redistribution of wealth or incomes because they recognize that these always lead to erosions of incentives, to distortions of production, to shortages, to demoralization, and to similar consequences deplored even by the originators of the schemes. (Henry Hazlitt)

The "Austrian" economists, more consistently than those of any other school, have criticized nearly all forms of government intervention in the market - especially inflation, price controls, and schemes for redistribution of wealth or incomes because they recognize that these always lead to erosions of incentives, to distortions of production, to shortages, to demoralization, and to similar consequences deplored even by the originators of the schemes.

Henry Hazlitt

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austrian demoralization government inflation intervention lead market price production school similar wealth consequences redistribution

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