In an economy, an act, a habit, an institution, or a law,...

In an economy, an act, a habit, an institution, or a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause - it is seen. The others unfold in succession - they are not seen: ... Now this difference is enormous, for it is often true that when the immediate consequence is favorable, the ultimate consequences are fatal, and the converse.

Frederic Bastiat Quote About Law, Differences, Giving: In An Economy An Act...

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