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Henry Wallich Quotes

Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.

Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.

Henry Wallich
Long, Growth, Income

Freedom is like health, it is taken for granted while one has it. One becomes aware of it when it has gone.

Henry Wallich
Taken, Taken For Granted, Gone
Henry Christopher Wallich (1960). “The Cost of Freedom: Conservatism and Modern Capitalism”

Every principle that wants to command strong allegiance must make a moral case. Men want to feel that what they are doing is useful, but they want also, and mainly, to feel that it is right. Freedom is one of these principles

Henry Wallich
Strong, Men, Principles
Henry Christopher Wallich (1960). “The Cost of Freedom: Conservatism and Modern Capitalism”

Profits are part of the mechanism by which society decides what it wants to see produced.

Henry Wallich
Business, Want, Profit

Power is the great enemy of freedom

Henry Wallich
Enemy

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