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QOTD: Bastiat on Plunder

Posted By Barry Ritholtz On February 29, 2012 @ 7:30 pm In Bailouts,Legal,Really, really bad calls | Comments Disabled

Fantastic quote from Bastiat [1]:

“When plunder becomes a way of life for a group of men living in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.”

- Frederic Bastiat [2], French writer and economist, as quoted by Bill Moyers [3].

What else is there to add?


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2012/02/bastiat-plunder/

URLs in this post:

[1] Bastiat: http://bastiat.org/en/

[2] Frederic Bastiat: http://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat

[3] Bill Moyers: http://www.huffingtonpost.com/bill-moyers/money-throws-democracy-ov_b_1276769.html

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