Frederic Bastiat
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Born: June 30, 1801

Died: December 24, 1850 (aged 49)

Nationality: French

Occupation: Economist

Bio: Claude Frédéric Bastiat was a French classical liberal theorist, political economist, and member of the French assembly. He was notable for developing the important economic concept of opportunity cost.

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The States should be urged to concede to the General Government, with a saving of chartered rights, the exclusive power of establishing banks of discount for paper.

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