Quotation of the Day…

(Don Boudreaux)

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… is from David Hart’s splendid 2019 translation – still only on-line, but forthcoming in print – of Frédéric Bastiat’s 1850 Economic Harmonies; specifically, it’s from Chapter X, titled “Competition” (original emphasis):

[I]t is not right to talk, as often happens, about the tyranny of capital, since even in the most extreme cases its presence can never be more damaging than its absence to the situation of the worker.