Tags » Frédéric Bastiat

The Broken Window Fallacy

Frederic Bastiat was the man who came up with the idea of this fallacy. The fallacy goes like this: A boy throws a brick through a shop’s window, A crowd quickly gathers to sympathize with the poor shopkeeper. 271 more words

Communism

An Evening With Bastiat

Yesterday, my wife and I attended a lecture hosted by the Charlotte chapter of the Bastiat Society. I was thrilled to learn there was a local chapter in Charlotte and even more excited to learn there was a free lecture being given on Capitalism. 684 more words

Government

Without Government Who Would Pay for My Stuff?

Yeah, yeah. Taxation is theft and all that – and you’ve doubtless heard the canned response of “But without taxes and government spending, what would we do about ________ ?” Well, we saw a pretty great little chart floating around on the internet recently that does a nice job of answering this question in a simple and effective way. 116 more words

Is the 26 Week Maternity Benefit Really a Benefit?

Last week, the Parliament passed the Maternity Benefit Bill. Once the President gives his assent to the Bill and it becomes an Act, women will be entitled to a maternity leave of 26 weeks. 872 more words

Broken Window Fallacy

Broken Window Fallacy: What Falling Vegetable Prices Tell Us About Notebandi

The negative effects of demonetisation have now reached a stage wherein there is enough data available to discuss the concept of the broken window fallacy… 1,145 more words

Equitymaster

The Benevolent Bureaucrat

Not every need can be handled by the free market but those things that cannot are still best managed in a way that mirrors free market mechanisms. 1,407 more words

Consulting

The Doorway to Revolution

The Magic Moment meets the Tipping Point.

Every revolution, no matter how big or small, is brewed in frustration, until the frustration creates a crisis of conscience. 786 more words

Education