Tags » Frédéric Bastiat

From the Comments: What's worth reading from Karl Marx?

Given all the time I wasted reading Marx, I’d say I lost big time. If I had it to do over again I’d read Grundrisse and stop.

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Books

Frédéric Bastiat: “misguided public opinion"

“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 its back on progress and can be restored only by the terrible lessons of catastrophe.” 212 more words

Religious/Theological Reflections

The Broken Window Fallacy

The Story of the Broken Window was created by the French economist Frederic Bastiat in the early 19th century to describe a common fallacy in economic thinking. 242 more words

Economics

The War on Chronic Pain Patients

“The Law”

The law perverted! And the police powers of the state perverted along with it! The law, I say, not only turned from its proper purpose but made to follow an entirely contrary purpose! 2,251 more words

True Nature Of The State

Hurricane Irma: Credentialed Ignorance vs. Uncredentialed Intelligence.

The credentialed ignorance of NY Federal Reserve president William Dudley is revealed by Evelyn’s uncredentialed intelligence. Evelyn quotes Henry Hazlitt, Frederic Bastiat, and Thomas Sowell to make her economic argument that the destruction by hurricane Irma is ‘the broken window fallacy’ on a much larger scale.  222 more words

Econ. 101

Frédéric Bastiat on free trade

Debate on free trade isn’t new.

Frédéric Bastiat  wrote this in 1845.

A PETITION From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting. 1,622 more words

Politics
  • “Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter — by peaceful or revolutionary means — into the making of laws.
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Frederic Bastiat