Please note: this post was written at my request by Michael Dowsett, after yet another European policy which breached the Rule of Law, as classically understood. – Steve The rule of law is a phrase which is widely used but perhaps little understood. Far from being merely the sum total […]
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What Is Money? – Frederic Bastiat – Mises Daily
Anyone could do wonders if he could contrive to overcome all resisting influences, and if all mankind would consent to become soft wax in his fingers; but men are resolved not to be soft wax; they listen, applaud, or reject and — go on as before. via What Is Money? […]
Read MoreEuropean Union economic governance
I spoke last night in the European Union (Amendment) Act debate: Steve Baker (Wycombe) (Con): First, I wish to associate myself with the remarks of my hon. Friend the Member for Harwich and North Essex (Mr Jenkin). Too often when addressing questions such as the one under discussion we get bogged […]
Read MoreThought for the day – Bastiat
From Bastiat’s dialogue What is Money? B. I have not yet made up my mind that your views upon money and political economy in general are correct. But, from your conversation, this is what I have gathered: — That these questions are of the highest importance; for peace or war, […]
Read MoreBastiat – The State
This post originally appeared at The Cobden Centre. In the course of things, I had cause to quote Bastiat, a French classical liberal theorist, political economist, and member of the French assembly: “The state is the great fiction by which everyone seeks to live at the expense of everyone else.” […]
Read MoreCredit – Frederic Bastiat – Mises Institute
Via the Mises Institute, a little Bastiat demonstrating how little is new under the sun: In all times, but more especially of late years, attempts have been made to extend wealth by the extension of credit. I believe it is no exaggeration to say, that since the revolution of February, the […]
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