Articles related to Bastiat
Tom DiLorenzo
Frederic Bastiat (1801-1850): Between the French and Marginalist Revolutions 
CLAUDE FREDERIC BASTIAT was a French economist, legislator, and writer who championed private property, free markets, and limited government. Perhaps the main underlying theme ofBastiat's writings was that the free market was inherently a source of "economic harmony" among individuals, as long as government was restricted to the function of protecting the lives, liberties, and property of citizens from theft or aggression.
Thursday, February 4, 2021
Lew Rockwell
  Can Anarcho-Capitalism Work 
The term “anarcho-capitalism” has, we might say, rather an arresting quality. But while the term itself may jolt the newcomer, the ideas it embodies are compelling and attractive, and represent the culmination of a long development of thought. If I had to boil it down to a handful of insights, they would be these: (1) each human being, to use John Locke’s formulation, “has a property in his own
Wednesday, December 9, 2020
Robert P. Murphy
The Broken-Window Fallacy 
Free-market economists have triumphantly cited the broken-window fallacy whenever someone opines that a destructive act, whether a natural disaster or man-made catastrophe, is paradoxically "good for the economy." The reference is to a classic lesson given by the economistFrédéricBastiat in 1850.
Thursday, November 26, 2020
Frederic Bastiat
What is Money
"Hateful money! Hateful money!" cried F——, the economist, despairingly, as he came from the Committee of Finance, where a project of paper money had just been discussed. "What's the matter?" I said. "What is the meaning of this sudden dislike to the most extolled of all the divinities of this world?"
Friday, October 30, 2020
Lew Rockwell
  The Libertarian Paradox 
As libertarians attempt to persuade others of their position, they encounter an interesting paradox. On the one hand, the libertarian message is simple. It involves moral premises and intuitions that in principle are shared by virtually everyone, including children. Do not hurt anyone. Do not steal from anyone. Mind your own business. A child will say, “I had it first.” There is an intuitive sense according to which the first user of a previously unowned good holds moral priority over latecomers
Monday, August 24, 2020
Frederic Bastiat
Introduction to Economic Sophisms 
My design in this little volume is to refute some of the arguments that are urged against the freedom of trade. I do not propose to engage in a contest with the protectionists; but rather to instill a principle into the minds of those who hesitate because they sincerely doubt. I am not one of those who say that protection is founded on men's interests. I am of the opinion rather that it is founded on errors, or, if you will, upon incomplete truths. Too many people fear liberty to permit us to co
Thursday, August 6, 2020
Alasdair Macleod - Finance and Eco.
The truth about trade
The one subject, which became a headline issue last year, and even divides experts is trade. It will become increasingly important in 2018 as the US develops her trade policy, particularly with respect to China, and as the UK negotiates her Brexit terms with the EU. Ignorance dominates this subject. Surely, people say, industry should be protected from unfair trade practices, such as goods manufactured in foreign sweat-shops, or unfair dumping of commodities, such as steel. If President Trump ca
Thursday, January 18, 2018
Keith Weiner - Monetary Metals
A Free Market for Goods, Services, and Money
A thesis submitted September 3, 2012 by Keith Weiner to the Graduate Faculty of the New Austrian School of Economics, in partial fulfillment of the requirements for the degree of Doctor of Philosophy. Major Subject: Monetary Science. Abstract A free market is composed of people who produce and trade the products of their efforts in exchange for the products of others. Each sets the prices at which he is willing to offer his product and at which he is willing to bid on others’ products. The marke
Saturday, October 14, 2017
Mish - Global Economic Analysis
Tariffs on Washing Machines Coming Up: Let’s Tax the Sun and the Rain Too
Whirpool bitched to the Trump administration and the International Trade Commission about unfair pricing on Samsung and LG-brand washing machines. The ITC panel ruled U.S. washing machine makers hurt by South Korean imports, so your price is guaranteed to go up. The U.S. International Trade Commission on Thursday found that imports of large residential washing machines were harming domestic producers, in a major step the imposition of duties or quotas on foreign-made Samsung- and LG-brand wash
Friday, October 6, 2017
Frederic Bastiat
The Existence of Evil
In these last days science has retrograded and been driven back. It has been bent and twisted under the obligation imposed upon it, if I may so speak, of denying the existence of Evil under pain of being convicted of denying the existence of God.Writers whose business it is to display exquisite sensibility, unbounded philanthropy, and unrivaled devotion to religion, have got into the way of saying, “Evil cannot enter into the providential plan. Suffering is no ordinance of God and nature, but co
Tuesday, September 19, 2017
Bob Hoye - Institutional Advisors
Is The Stock Market Up When it Should Be
Signs of The Times "Yellen: I'm Strongly Opposed to Audit The Fed" - Bloomberg, July 12. "The European Union is: 7.2% of the world's population. 23.8% of the world's GDP. 58% of the world's welfare spending." - Mises Institute, July 15. "Much of recent global warming has been fabricated by climate scientists to make it look more frightening." - James Delingpole, July 9. "Greenland set a new all-time record July cold record, where the mercury plummeted to -33 C." - No Tricks Zone, July 9. "Rec
Friday, August 4, 2017
Alasdair Macleod - Finance and Eco.
Debts, Bastiat and modern economics
There is a well-worn conundrum told about a stranger, who walks into the hotel in a remote, sleepy village in Mexico, and reserves a room for the night, paying 1,000 pesos in advance. The innkeeper rejoices at this unexpected turn of events, for the village is remote, few people have any reason to go there, and there is very little money. The innkeeper goes to the village butcher, to whom he owes 1,000 pesos, and discharges his debt. The butcher takes the 1,000 pesos and pays it to the farmer, w
Thursday, May 25, 2017
Sprott Money
The Candlemaker’s Petition - Jeff Thomas
French economist Frédéric Bastiat was a man far ahead of his time. He was a “classical liberal,” which, today, would identify him as a libertarian. He expanded upon the free-market argument set forth by Adam Smith in 1776. In 1845, the French government levied protective tariffs on scores of items, from sewing needles to locomotives. The intent was to protect French industries from companies outside France that could produce the goods more cheaply. The reaction from Mister Bastiat was to
Friday, April 7, 2017
Peter Degraaf
Your Attention Please: Phase Two Of the Gold And Silver Train Is Now Leaving The Station. All Aboard
Phase One began in January 2016…and slowed down from July until early October. (Charts in this commentary are courtesy, unless indicated). The first sign of a turnaround can be seen in this chart: Featured is PHYS the Sprott Gold Trust. Price produced an Upside Reversal (blue arrow), on Oct. 7th. Since it happened at the bottom of the rising channel and at the 200-Day Moving Average, this was an important clue. Confirmation occurred on Oct. 18th, with price breaking out above
Wednesday, October 19, 2016
Nathan Lewis - New World Economics
The Gigantic Importance of "Supply Side Economics"
I wish we had a better term for the great advances in economic understanding that began in the mid-1970s and became known as “supply-side economics.” One president, and not a socialist either, called it “voodoo economics,” which shows just how weird it seemed at the time. It was really an expansion of the Classical school of economics, which most people trace to Adam Smith and his precursors such as Cantillon or Hume. If you could sum up the insights of the 1970s and 1980s in two words, it woul
Thursday, August 11, 2016
Mish - Global Economic Analysis
US Seeks “Total Ban” on Chinese Steel: Alarm Bells Ring Over “Nuclear” Option
Protectionists are on the cusp of a “Pyrrhic victory” over China. No one will like the results when it happens. A huge global trade war is on the horizon, regardless of whether Hillary or Trump wins the election. The die is cast: US Steel Given Green Light to Seek China Import Ban. The US has given the go-ahead for the country’s largest steel producer to seek a ban on imports from Chinese rivals, in the first known case in which trade sanctions could be used in retaliation for alleged China gov
Tuesday, June 7, 2016
Tom DiLorenzo - lewRockwell
  Sick Utopia
In my forthcoming (July 18) book, The Problem with Socialism, I describe how socialism is always and everywhere an economic poison regardless of the form of government.  Socialism is socialism.  As Frederic Bastiat explained in his classic, The Law, the imposition of one social “plan” or set of “plans” on all of the society – a defining characteristic of all varieties of socialism — will have the same effects whether it is instituted by democracy or by a dictatorship.  Obamacare is Obamacare reg
Sunday, June 5, 2016
Jeffrey Lewis
When the Tide Turns Into Cash
When the Tide Turns Into CashHere comes the “Better than Cash Alliance”.So unless they can find a way to exempt themselves from this madness it will die in Congress. The tighter they grip it, the more sand falls through their fingers.Whistling past the graveyard for as long as they can, "living in the aborted moment". This will never work for simple reason.  How will the criminals in government be able to keep taking their bribes? If, suddenly, all transactions are electronic and subject to over
Wednesday, June 24, 2015
Peter Degraaf
2015 – the Year the FED comes to the aid of gold and silver investors 
In a moment we will provide our answer to this interesting question.The correction in the price of gold and silver is now in its fourth year, and in the words of W. D. Gann:?When time is up ? price will turn.?Featured is the weekly gold chart.The current bull market began in 2002 with gold at $260.The correction that started in 2011 has retraced 50% of the rise from $260 to $1930.You will notice that the latest drop to the 50% retracement level has been met with non-confirmation
Wednesday, January 7, 2015
Ty Andros - traderview
Useful Idiots and the Something For Nothing Society - Part V of V 
In this final chapter of Useful Idiots and the Something for Nothing society, we show the final elements leading to the societal and economic collapse that we are currently caught in. The system I have outlined here and in previous chapters is INSANE when viewed through the lens of history. Unfortunately, our leaders and our society have forgotten it and, therefore, we are doomed to repeat it. Nothing will stop it and very little can be done to slow it down. You must embrace it, ackn
Friday, September 5, 2014