Saturday, June 26, 2010

The Quotable Bastiat

"The State is also subject to Malthus’s Law. It tends to exceed the level of its means of existence, it expands in line with its means and what keeps it in existence is the substance of the people. Misfortune thus afflicts those peoples who cannot limit the sphere of action of the State. Freedom, private activity, wealth, well-being, independence and dignity will all disappear."


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