Frédéric Bastiat (30 June 1801 – 24 December 1850) was an early free-market economist and classical liberal French author.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Émile Desmaisons. Lithograph by Auguste-Hilaire Léveillé. (Public domain / CC0)
Also Known As
Alternative Names:
Claude Frédéric Bastiat
•
Frederic Bastiat
Portrait from Wikimedia Commons. Credit: Émile Desmaisons. Lithograph by Auguste-Hilaire Léveillé.. Used under Public domain / CC0. Processed and styled by Quotewise.
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Legal plunder has two roots: One of them, as I have said before, is in human greed; the other is in false philanthropy.
Under the influence of ignorance and custom, the day's pay of a country labourer will remain for a long time at a franc, while the saleable price of all the articles of consumption around him will be rising. He will sink into destitution without being able to discover the cause. In short, since you wish me to finish, I must beg you, before we separate, to fix your whole attention upon this essential point: — When once false money (under whatever form it may take) is put into circulation, depreciation will ensue, and manifest itself by the universal rise of every thing which is capable of being sold. But this rise in prices is not instantaneous and equal for all things. Sharp men, brokers, and men of business, will not suffer by it; for it is their trade to watch the fluctuations of prices, to observe the cause, and even to speculate upon it. But little tradesmen, countrymen, and workmen, will bear the whole weight of it. The rich man is not any the richer for it, but the poor man becomes poorer by it. Therefore, expedients of this kind have the effect of increasing the distance which separates wealth from poverty,
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The world is not sufficiently conscious of the influence exercised over it by Sophistry. When might ceases to be right, and the government of mere strength is dethroned, Sophistry transfers the empire to cunning and subtlety. It would be difficult to determine which of the two tyrannies is most injurious to mankind.