When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.

Henry Stuart Hazlitt (November 28 1894 – July 9 1993) was an American economist philosopher literary critic and journalist for such publications as The Wall Street Journal The Nation The American Mercury Newsweek and The New York Times and he has been recognized as a leading interpreter of economic issues from the perspective of American conservatism and libertarianism.