Tuesday, September 30, 2008

The Law

Reading The Law by Frederic Bastiat (1801-1850) will explain what is happening in our financial markets with such simplicity and clarity that anyone (with the possible exception of the Treasury Secretary!) can grasp his ideas. Fortunately for us, a majority of the House of Representatives still understands Bastiat's definition of legal plunder -- but how is this legal plunder to be defined? Quite simply. See if the law takes from some person what belongs to them and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.
Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. If such a law -- which may be an isolated case -- is not abolished immidietely, it will spread, multiply, and develop into a system.
Read The Law and ask your representative if they have a copy and have read it. Our temporal liberties may depend upon it.

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