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Quote by Frederic Bastiat

“Legal plunder can be committed in an infinite number of ways; hence, there are an infinite number of plans for organizing it: tariffs, protection, bonuses, subsidies, incentives, the progressive income tax, free education, the right to employment, the right to profit, the right to wages, the right to relief, the right to the tools of production, interest free credit, etc., etc. And it the aggregate of all these plans, in respect to what they have in common, legal plunder, that goes under the name of socialism.”

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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