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The creation of new capital always... releases... labor. Its actual effect [though] is not to make jobs scarce, but to free men's labor for other jobs.

Frederic Bastiat

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Frederic Bastiat
Age: 49 †
Born: 1801
Born: June 30
Died: 1850
Died: December 24
Economist
Essayist
Magistrate
Philosopher
Politician
Baiona
Claude Frédéric Bastiat
Jobs
Actual
Make
Release
Always
Effect
Men
Labor
Effects
Creation
Releases
Though
Scarce
Free
Capital

More quotes by Frederic Bastiat

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The mind never fully accepts any convictions that it does not owe to its own efforts.
Frederic Bastiat
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It is not true that the legislator has absolute power over our persons and property. The existence of persons and property preceded the existence of the legislator, and his function is only to guarantee their safety.
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Property does not exist because there are laws, but laws exist because there is property.
Frederic Bastiat
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...the statement, The purpose of the law is to cause justice to reign, is not a rigorously accurate statement. It ought to be stated that the purpose of the law is to prevent injustice from reigning. In fact, it is injustice, instead of justice, that has an existence of its own. Justice is achieved only when injustice is absent.
Frederic Bastiat
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Either fraternity is spontaneous, or it does not exist. To decree it is to annihilate it. The law can indeed force men to remain just in vain would it try to force them to be self-sacrificing.
Frederic Bastiat
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The law commit legal plunder by violating liberty and property.
Frederic Bastiat
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The mission of law is not to oppress persons and plunder them of their property, even thought the law may be acting in a philanthropic spirit. Its mission is to protect property.
Frederic Bastiat
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Since no individual acting separately can lawfully use force to destroy the rights of others, does it not logically follow that the same principle also applies to the common force that is nothing more than the organized combination of the individual forces?
Frederic Bastiat
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No legal plunder: This is the principle of justice.
Frederic Bastiat
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Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons and gendarmes at the service of the plunderers, and treats the victim - when he defends himself - as a criminal.
Frederic Bastiat
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We hold from God the gift which includes all others. This gift is life - physical, intellectual, and moral life.
Frederic Bastiat
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The plans differ the planners are all alike.
Frederic Bastiat
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No legal plunder: This is the principle of justice, peace, order, stability, harmony, and logic. Until the day of my death, I shall proclaim this principle with all the force of my lungs (which alas! is all too inadequate).
Frederic Bastiat
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Trade protection accumulates upon a single point the good which it effects, while the evil inflicted is infused throughout the mass. The one strikes the eye at a first glance, while the other becomes perceptible only to close investigation.
Frederic Bastiat
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There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
Frederic Bastiat
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If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?
Frederic Bastiat
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The impulses of my heart are the voice of Nature, which is never mistaken. The institutions that stand in my way are man-made and are only arbitrary conventions to which I have never given my consent. In trampling these institutions underfoot, I shall have the double pleasure of satisfying my inclinations and of believing myself a hero
Frederic Bastiat
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There is not a tool, an implement, or a machine that has not resulted in a decrease in the contribution of human labor. Labor is not made permanently idle [though] when replaced in one special category... it turns its attack against other obstacles on the main road to progress.
Frederic Bastiat
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Taking Five and Returning Four is not Giving
Frederic Bastiat
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If you wish to prosper, let your customer prosper. When people have learned this lesson, everyone will seek his individual welfare in the general welfare. Then jealousies between man and man, city and city, province and province, nation and nation, will no longer trouble the world.
Frederic Bastiat