Quote of the Day for January 29, 2015


Birthday of Thomas Paine (1737-1809).
29: From Bastiat: Economic Sophisms, Series 2, Chapter 1-5:

    There is, besides, another providential law whose operation is no less fatal, in the end, to the success of every system of plunder: Plunder not only redistributes wealth; it always, at the same time, destroys a part of it. War annihilates many values. Slavery paralyzes many capabilities. Theocracy diverts many energies toward childish or injurious ends. Monopoly too transfers wealth from one pocket to another, but much of it is lost in the process.

    II.1.21 (paragraph number)

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