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Quotation of the Day…

Posted By Don Boudreaux On November 5, 2012 @ 7:47 am In Man of System,Other People's Money,Trade | Comments Disabled

… is from Roderick Long’s translation of Yves Guyot’s February 1912 obituary, from the Journal des Economistes, of Gustave de Molinari [1]:

But how is this contradiction to be reconciled – that the protectionists and socialists, who call for intellectual liberty and political liberty, intend to make use of it to impose economic servitude?

They affirm the fitness of every individual to influence the general direction of the country, to criticise, to judge every question, and at the same time, they deny his fitness to regulate his own affairs; the protectionists subject him to a fine if he wishes to buy this or that product or to devote himself to this or that industry, this or that trade, which does not suit them; the socialists of all descriptions intend, by means of so-called social laws and labour legislation, to substitute, for the individual’s will, his initiative, his judgment, his responsibility, the decisions of a government composed of individuals, as if power conferred infallibility on those who govern, and as if the governed were nothing but incompetents.

David Hart has a superb short essay on Molinari here [2].

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[1] Roderick Long’s translation of Yves Guyot’s February 1912 obituary, from the Journal des Economistes, of Gustave de Molinari: http://praxeology.net/YG-GM.htm

[2] David Hart has a superb short essay on Molinari here: http://www.econlib.org/library/Molinari/MolinariBio.html

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