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
Tags » Frédéric Bastiat
Debate on free trade isn’t new.
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
Every time there is a natural disaster old economic fallacies make their appearance. And they are usually always the same. In particular, the argument that a natural disaster is good for the economy. 349 more words
Harvey + government = the Perfect Storm.
Learn about the broken window and Corps of Engineering (government) planning.
……(Feroli) has proceeded straight to the “broken 330 more words
"The State is the great fiction by which everyone endeavours to live at the expense of everyone else.”
One of the best cases against the destructive uses of government was opined by Frederic Bastiat in the words below…
“We all therefore, put in our claim, under some pretext or other, and apply to Government. 141 more words