Monty Pelerin's World

One of these days I shall put together a book list. There are so many out there that have influenced me and my thinking that it is difficult to make [...]

The welfare state has failed. All western welfare states are on the verge of political and economic collapse. All are insolvent and incapable of meeting their obligations. As shown here, [...]

Frederic Bastiat has been referenced before on this site. His understanding of political economy was unsurpassed. Here is an excerpt from his essay “Property and Plunder” that is almost a [...]

Frederic Bastiat was the most influential economic essayist ever. He died in 1850. His “broken window fallacy” is probably the single most important principle in economics. It anticipated Keynesian economics [...]

Image via Wikipedia Image via Wikipedia For the past seven decades, Government formula has been the same. Start a program whenever something seems wrong. Intervene if the economy does not [...]

Image via Wikipedia Image via Wikipedia Recently I posted a piece by Frederic Bastiat written in 1848. It was from his famous essay “What is Seen and Unseen.”  In that [...]