Faith Quote by Frédéric Bastiat
““Our adversaries believe that an activity that is neither subsidized nor regulated is abolished. We believe the contrary. Their faith is in the legislator, not in mankind. Ours is in mankind, not in the legislator.””
About This Quote
Source Book: Economic Sophisms, Frédéric Bastiat, 1845
The quote argues that free markets thrive without subsidies or regulation, trusting people rather than lawmakers.
In simple terms: Free markets work best when people, not politicians, are trusted.
Trust people, not just laws.
Themes
Mood
Type
When to use this quote
- policy debates
- business startups
- community projects
- regulatory reform
Key Concepts
Questions to Reflect On
- How can we ensure fairness without regulation?
- When should government intervene?
Assumes all individuals act responsibly, which may not hold true.