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For when a farmer borrows fifty francs to buy a plow, it is not actually the fifty francs that is lent to him; it is the plow. And when a merchant bo… - Frédéric Bastiat
" "For when a farmer borrows fifty francs to buy a plow, it is not actually the fifty francs that is lent to him; it is the plow.
And when a merchant borrows twenty thousand francs to buy a house, it is not the twenty thousand francs he owes; it is the house.
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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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In fact, if law were restricted to protecting all persons, all liberties, and all properties; if law were nothing more than the organized combination of the individual's right to self-defense; if law were the obstacle, the check, the punisher of all oppression and plunder — is it likely that we citizens would then argue much about the extent of the franchise?
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