Frédéric Bastiat said this quote

“ When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns it's back on progress and can be restored only by the terrible lessons of catastrophe. ”

Famous Quotes of Frédéric Bastiat

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The state is that great fiction by which everyone tries to live at the expense of everyone else.

~ Frédéric Bastiat

...for liberty is an acknowledgment of faith in God and His works.

~ Frédéric Bastiat

Life, faculties, production-in other words, individuality, liberty, property-this is man. And in spite of the cunning of artful political leaders, these three gifts from God precede all human legislation, and are superior to it.

~ Frédéric Bastiat

When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.

~ Frédéric Bastiat