The academy is, perhaps unsurprisingly, full of people who think that they are smart enough to run the lives of others. They are not. Hence the subti… - Frédéric Bastiat

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The academy is, perhaps unsurprisingly, full of people who think that they are smart enough to run the lives of others. They are not. Hence the subtitle of this volume: “What Your Professors Won’t Tell You.

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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

Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole — with their common aim of legal plunder — constitute socialism.

The truth, in plain terms, is this: That men consume cloth and corn by fire or by using them, and that the effect is the same as regards money, but not as regards wealth, for it is precisely in the use of commodities that wealth or material prosperity consists.

Life, faculties, production — in other words, individuality, liberty, property — this is man. And in spite of the cunning of artful political leaders, these three gifts from God precede all human legislation, and are superior to it. Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place.

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