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Mr. Louis Blanc also tells us that competition leads to monopoly. And by the same reasoning, he thus informs us that low prices lead to high prices; … - Frédéric Bastiat
" "Mr. Louis Blanc also tells us that competition leads to monopoly. And by the same reasoning, he thus informs us that low prices lead to high prices; that competition drives production to destructive activity; that competition drains away the sources of purchasing power; that competition forces an increase in production while, at the same time, it forces a decrease in consumption. From this, it follows that free people produce for the sake of not consuming; that liberty means oppression and madness among the people; and that Mr. Louis Blanc absolutely must attend to it.
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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
See whether the law takes from some persons that which belongs to them, to give to others what does not belong to them. See whether the law performs, for the profit of one citizen, and, to the injury of others, an act that this citizen cannot perform without committing a crime. Abolish this law without delay; it is not merely an iniquity — it is a fertile source of iniquities, for it invites reprisals;
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