There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist tak… - Frédéric Bastiat

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There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

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About Frédéric Bastiat

Frédéric Bastiat (30 June 1801 – 24 December 1850) was an early free-market economist and classical liberal French author.

Biography information from Wikiquote

Also Known As

Alternative Names: Claude Frédéric Bastiat Frederic Bastiat

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Additional quotes by Frédéric Bastiat

Man recoils from trouble — from suffering; and yet he is condemned by nature to the suffering of privation, if he does not take the trouble to work. He has to choose then between these two evils. What means can he adopt to avoid both? There remains now, and there will remain, only one way, which is, to enjoy the labor of others. Such a course of conduct prevents the trouble and the enjoyment from assuming their natural proportion, and causes all the trouble to become the lot of one set of persons, and all the enjoyment that of another. This is the origin of slavery and of plunder, whatever its form may be — whether that of wars, taxes, violence, restrictions, frauds, etc. — monstrous abuses, but consistent with the thought that has given them birth. Oppression should be detested and resisted — it can hardly be called trivial.

Since no individual acting separately can lawfully use force to destroy the rights of others, does it not logically follow that the same principle also applies to the common force that is nothing more than the organized combination of the individual forces?

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His mind turns to organizations, combinations, and arrangements — legal or apparently legal. He attempts to remedy the evil by increasing and perpetuating the very thing that caused the evil in the first place: legal plunder.

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