Not every need can be handled by the free market but those things that cannot are still best managed in a way that mirrors free market mechanisms. 1,407 more words
Tags » Frédéric Bastiat
From Frédéric Bastiat (1801-1850), early free-market economist and classical liberal French author, Justice and Fraternity (1848):
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“ that the State owes subsistence, well-being, and education to all its citizens; that it should be generous, charitable, involved in everything, devoted to everybody; …that it should intervene directly to relieve all suffering, satisfy and anticipate all wants, furnish capital to all enterprises, enlightenment to all minds, balm for all wounds, asylums for all the unfortunate, and even aid to the point of shedding French blood, for all oppressed people on the face of the earth.