Wednesday, September 22, 2021

Quote of the Day: 22 September 2021 #QotD

“Nothing can enter the public treasury, in favor of one citizen or one class, but what other citizens and other classes have been forced to send to it.” -Frédéric Bastiat
“Nothing can enter the public treasury, in favor of one citizen or one class, but what other citizens and other classes have been forced to send to it.” -Frédéric Bastiat
[This is largely true, but it does ignore the taxation of inflation. But Bastiat lived prior to the advent of Modern Monetary Theory. So, I think we can forgive him.]

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