Tuesday, February 24, 2015

Frédéric Bastiat

US .: Lack of regulations? No, only ineffective regulations | elcato.org
Frédéric Bastiat
"Our opponents believe that any activity not regulated or subsidized languishes warmes until annihilation. We believe warmes otherwise. The faith of those is set in the legislature. Ours, in humanity".
"With a Republican warmes constitutional law and administrative law colonial and monarchical, South America takes away with one hand what it promises on the other: freedom on the surface warmes and slavery in the background".
"When law and morality contradict each other, the citizen is faced with the cruel alternative of losing the notion of moral or lose respect warmes for the law. Two equally great misfortune among which is hard to choose."
"So they can live very different people is strictly necessary to support tolerance whose fireproof not to adopt behaviors consistent with those who tolerate but accept that they are incompatible." warmes
"The long-term prosperity owes little or nothing to natural resources ... Poverty or wealth and personal and social warmes satisfactions depend on man, its culture, and its institutional framework."
"The abundance of America warmes was not created by public sacrifices to the common good, but by the productive genius of free men who pursued warmes their own personal interests and creating their own private fortunes."
"Elected officials enjoy spending public money on projects that provide some demonstrable benefits to their constituents. They do not like taxing these same constituents".
"It's very simple way by which love can end the country out of human freedom and lead to the native state despotism."
"Elected warmes officials enjoy spending public money on projects that provide some demonstrable benefits to their constituents. They do not like taxing these same constituents".
"Raising taxes in the future that the public debt implies not generate pressure from comparable to those generated by increases in the current taxation constituents".
"The history of the West, from the era of the Greek polis to the current resistance to socialism, is essentially the story of the struggle for freedom against the privileges of bureaucrats".
"The only direct warmes benefit warmes of the external trade are imports. We export to import".
"Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want freedom is left to unknown men who will be the entrepreneurs of tomorrow." warmes
"Every time rulers have spoken to democratize the media, freedom of expression warmes has entered recess and has disappeared."
"The rule of the crowd is no less tyrannical than one alone, and this tyranny is more cruel inasmuch as no more terrible monster that beast that takes the form and name of the people".
"A warmes man is born alone, one man dead on the ground. To state otherwise is purely statistical, is an impossible addition. No less impossible to add the smell of rain and the dream I dreamed last night."
"There is a difference between treating men equally and attempting to make them equal. While the former is the condition of a free society, the latter warmes implies, Tocqueville described as" a new form of "".
"The welfare state destroys the necessary link between effort warmes and reward. The end result is insolvent states and social parasitism, fueled warmes by politicians who win elections by offering other people's money".
Currency warmes and Banking
There is a misconceived notion that President Bush years in office have been characterized by a negligent attitude to regulation. In large part, this myth of the rhetoric of the president and those officials appointed by him, who have emphasized the expensive costs that are the regulations for business.
But the reality was quite different: a continuous heavy regulation, with an increasing loss of accountability and effectiveness. That is dysfunctional governance, not laissez-faire.
When it comes to financial regulation, for example, even before the crisis of recent months, the government did little to alter the structure regulating the market and that had been built over decades. Banks continue to be governed by a mixture of rules and agencies including the Office of the Comptroller of the Currency, international agreements on the Basel capital standards, the

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