Frederic Bastiat the radical. We think we know Bastiat from ‘The Law’, but his work in economics and social theory actually spans thousands of pages. And he was a thoroughgoing radical in his personal and professional life, both in his Basque hometown of Bayonne and in the “Babylon” of Paris. Hart makes the case that […]
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Some people argue that natural disasters and other acts of destruction create wealth and employment as we repair the damage they’ve caused. Professor Mike Munger explains that this fallacy fails to take into “opportunity costs” into consideration. Whenever we use a resource for one purpose, like fixing a window, we give up the opportunity to […]
The ripple effects of government regulation throughout society go well beyond the famous “seen and unseen” formulation of Frederic Bastiat. Per Bylund helps us trace the full consequences of government regulation and its effects on people’s lives.
by Ryan McMaken One of the most successful ideological movements waged by government agencies in recent decades has been the so-called Broken Windows theory of policing. Popularized in the 1980s by George Kelling, the theory states that if minor violations are ignored — such as the breaking of a window on private property — then those […]
So-called “Democratic Socialism” is really the old and tired ideas of Socialism, with a different wrapper. Ron Paul takes apart a few of its many myths, as well as the other discredited set of ideas known as Keynesianism.
Frederic Bastiat, who wrote two centuries ago, got to the heart of so many of the economic fallacies that plague us today. He’s a thrill to read. Source: Ep. 469 Frederic Bastiat: Slayer of Fallacies | Tom Woods
What are Ron Paul’s favorite books? Near the top of the list is French writer Frédéric Bastiat, whose “The Law” is one of the best introduction to libertarian thought.
Tom Woods talks to high schoolers about liberty. http://traffic.libsyn.com/tomwoodsshow/woods_05_28_2015_3.mp3