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Author Topic: Frederic Bastiat audio file on "What is Money"  (Read 1144 times)
Nels
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May 27, 2011, 03:18:54 PM
 #1

Its long but classic Bastiat.  might be worth sending to friends having trouble with the concept of money and trade.

First published in 1849, this essay is included in The Bastiat Collection (2011). An MP3 audio file of this article, narrated by Holly Hinton and Joel Sams


http://media.mises.org/mp3/audioarticles/5213_Bastiat.mp3?utm_source=mp3&utm_medium=web&utm_campaign=Direct_MP3

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May 27, 2011, 05:16:14 PM
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For those who don't know,  Fredric Bastiat was one of the leading libertarians of his day.
Reading his book "The Law"  will change your view of government and "Legal Plunder"

He had such great quotes as:

“The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.”

“When goods do not cross borders, soldiers will.”

“Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.”

I'm not sure how this thread fits into Bitcoin discussion,  but I think Bastiat would LOVE the idea of bitcoins if he were alive today.

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June 04, 2011, 08:11:14 AM
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Is this the same one as on Agorist Radio? (from deep within the second realm  Cheesy )

http://agoristradio.com/?p=443

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June 06, 2011, 04:16:17 PM
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Yep, one and the same!

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June 06, 2011, 05:03:56 PM
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Ahhh what a brilliant man he was!!!  One of my favorite quotations:

"There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.

The same thing, of course, is true of health and morals. Often, the sweeter the first fruit of a habit, the more bitter are its later fruits: for example, debauchery, sloth, prodigality. When a man is impressed by the effect that is seen and has not yet learned to discern the effects that are not seen, he indulges in deplorable habits, not only through natural inclination, but deliberately.

This explains man's necessarily painful evolution. Ignorance surrounds him at his cradle; therefore, he regulates his acts according to their first consequences, the only ones that, in his infancy, he can see. It is only after a long time that he learns to take account of the others."
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