“The state tends to expand in proportion to its means of existence and to live beyond its means, and these are, in the last analysis, nothing but the substance of the people. Woe to the people that cannot limit the sphere of action of the state! Freedom, private enterprise, wealth, happiness, independence, personal dignity, all vanish.”
Quote by Frederic Bastiat
Author
Frederic Bastiat
French economist and a prominent figure in the classical liberal tradition. Born on June 30, 1801, and died on December 24, 1850. His writings had a profound impact on economics and political philosophy. more
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