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No free market is really compatible with a law-making process centralized by the authorities
 
Leoni, Bruno
Freedom and the Law
1961 , p. 89

 

Quotations


Quotation of the week:

Bastiat on the law

"The law perverted! The law -and, in its wake, all the collective forces of the nation- the law, I say, not only diverted from its proper direction but made to pursue one entirely contrary! The law become the tool of every kind of avarice, instead of being its check! The law guilty of that very iniquity which it was its mission to punish!".

Bastiat, F., 2007, The Bastiat Collection (Ludwig von Mises Institute, Auburn Alabama), Vol. 1, p. 49.

 

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"A catallaxy is thus the special kind of spontaneous order produced by the market through people acting within the rules of the law of property, tort and contract".F. A. von Hayek, Law Legislation and Liberty (London, 1982), Vol. 2 (1976), pp. 108-109.