David J. Theroux
| Saturday March 12, 2011 at 6:55 PM PST
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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Tags: aggregate demand, Austrian School of Economics, Bailouts, Bastiat, Budget and Tax Policy, Cash for Clunkers, competitive enterprise institute, Daily Caller, Disaster Management, Economics, Economics in One Lesson, full employment, Government subsidies, Great Depression, green energy, Henry Hazlitt, Japan, Japan disaster, John Maynard Keynes, Keynesian, Kobe earthquake, Larry Summers, Obamanomics, public works, The State, tsunami, Unemployment, urban renewal, War
Mary L. G. Theroux
| Wednesday June 23, 2010 at 1:47 PM PST
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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Tags: Aeneid, American History, Bailouts, Barack Obama, Bastiat, Budget and Tax Policy, Business, Chris Christie, Economics, Elections, Employment, Free Market, Friedrich A. Hayek, Government subsidies, Great Depression, John Marshall, Margaret Thatcher, Nationalization, Natural Law, Paul Ryan, Personal Liberty, Philosophy, Politics, Socialism, statism, Taxation, Unemployment, Virgil, Warren Buffett, Welfare, Winston Churchill
| Monday April 19, 2010 at 12:29 PM PST
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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Tags: Bailouts, Bastiat, Budget and Tax Policy, Corruption, Economics, Fascism, Free Market, Law, Liberty, Mercantilism, Morality, Natural Law, Personal Liberty, Police, Politics, Power, Property Rights, The Law