QOTD: Bastiat on Plunder

February 29, 2012 7:30pm by Barry Ritholtz

Fantastic quote from Bastiat:

“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, French writer and economist, as quoted by Bill Moyers.

What else is there to add?

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