Tag: Frederic Bastiat

Beware Survivorship Bias »

Suppose you wanted to know how many of the soldiers, sailors, and airmen who served during World War II were killed in that war. So you sent inquiries to a random sample of persons whose names were drawn from a list of all those who served in the military during the war, asking: Were…
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Why Frédéric Bastiat Still Matters »

Yesterday marked the 214th anniversary of Frédéric Bastiat’s birthday on June 30, 1801, in Bayonne, France. One of the seminal thinkers of the classical liberal tradition, Bastiat made great contributions to the field of political economy, laying many of the foundations for the later school of Austrian economics. Both a politician and a writer,…
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Random Sightings on a Walk through My Notebook »

“That government is best which governs not at all,” Said Henry David Thoreau, But what did he know? _______________________________________________ “Liberty: not the daughter but the mother of order,” Declared Pierre-Joseph Proudhon, And then he passed on. _______________________________________________ “When the government is too intrusive, people lose their spirit,” Noted Lao-tzu, As I would, too. _______________________________________________…
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Bastiat on “Cash for Clunkers” »

My old friend John Chapman channels Bastiat in a new op-ed: A lesson from the parable is that government spending cannot create wealth; it can at best redistribute it, often accompanied by waste. The clunkers program certainly helps auto manufacturers, sellers and participating buyers, today; this is what’s seen. But it hurts used-car buyers,…
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