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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
Slavery, protection, and monopoly find defenders, not only in those who profit by them, but in those who suffer by them.
Frederic Bastiat
When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe.
Frederic Bastiat
We hold from God the gift which includes all others. This gift is life - physical, intellectual, and moral life.
Frederic Bastiat
Finally, is not liberty the restricting of the law only to its rational sphere of organizing the right of the individual to lawful self-defense of punishing injustice?
Frederic Bastiat
Man acquires wealth in proportion as he puts his labor to better account.
Frederic Bastiat
There are people who think that plunder loses all its immorality as soon as it becomes legal. Personally, I cannot imagine a more alarming situation.
Frederic Bastiat
When goods do not cross borders, soldiers will.
Frederic Bastiat
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
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
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.
Frederic Bastiat
It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.
Frederic Bastiat
It is easy to understand why the law is used by the legislator to destroy in varying degrees among the rest of the people, their personal independence by slavery, their liberty by oppression, and their property by plunder. This is done for the benefit of the person who makes the law, and in proportion to the power that he holds.
Frederic Bastiat
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
The worst thing that can happen to a good cause is not to be skillfully attacked, but to be ineptly defended.
Frederic Bastiat
When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law.
Frederic Bastiat
The real cost of the State is the prosperity we do not see, the jobs that don’t exist, the technologies to which we do not have access, the businesses that do not come into existence, and the bright future that is stolen from us. The State has looted us just as surely as a robber who enters our home at night and steals all that we love.
Frederic Bastiat
The mind never fully accepts any convictions that it does not owe to its own efforts.
Frederic Bastiat
If goods don't cross borders, armies will.
Frederic Bastiat
Property does not exist because there are laws, but laws exist because there is property.
Frederic Bastiat
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.
Frederic Bastiat