“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.”

About Frederic Bastiat

Economist • French

Frédéric Bastiat was a renowned French economist, writer, and a prominent member of the French Liberal School. He is best known for developing the economic concept of opportunity cost and for his incisive critiques of...