Tag: Bastiat
Larry Summers Claims Japanese Earthquake/Tsunami Disaster Will Boost Economy

Predictably, within days of the unmitigated disaster and massive loss of life (10,000 and counting) in Japan from the record 8.9-magnitude earthquake and tsunami, a major Keynesian economist has gone on the record in defending the “broken window fallacy” in economics by claiming that the Japanese disaster will actually boost economic growth. The economist...
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Out of the Mouths of Investment Managers

Warren Buffett’s annual “Letter to Shareholders” may be more famous, but I’d put this “Periodic Overview” from our friend, investment manager Roger King, up against it any day: RUMINATIONS AND OBSERVATIONS A Periodic Overview The inherent vice of capitalism is the unequal sharing of blessings: the inherent virtue of socialism is the equal sharing...
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Property and Plunder: A Guest Post from Frederic Bastiat

Property and Plunder Frederic Bastiat (from pp. 6-7 of the FEE edition of The Law): “Man can live and satisfy his wants only by ceaseless labor; by the ceaseless application of his faculties to natural resources. This process is the origin of property. “But it is also true that a man may live and...
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