Topic - Frédéric Bastiat

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  • This aerial photo shows destroyed houses left in the wake of superstorm Sandy on Wednesday, Oct. 31, 2012, in Seaside Heights, N.J. (AP Photo/Mike Groll)

    GHEI: Sandy's broken windows

    Northeasterners affected by Tuesday's massive storm are beginning the process of assessing the damage. Initial estimates suggest it could cost anywhere from $20 billion to $100 billion to bring things back to where they were before Hurricane Sandy struck.

  • Illustration: Green job death by Greg Groesch for The Washington Times

    MURRAY & BIER: Stimulus slows our economy

    Why does government stimulus spending fail? When considering the success of economic programs, the 19th-century French economist Frederic Bastiat urged us to look at both "what is seen and what is not seen." Now a program at the Department of Commerce provides ample evidence of Bastiat's prescience. The Economic Development Administration (EDA) provides a strong warning against future stimulus spending: When it comes to stimulus, the unseen costs are often greater than the visible benefits.

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Quotations
  • In 1850, French economist, philosopher and statesman Frederic Bastiat wrote his book "The Law," which has been described as possibly the best refutation of "The Communist Manifesto" ever written.

    LETTER TO THE EDITOR: 'Liberal' agenda seeks return to Middle Ages →

  • Frederic Bastiat, the 19th-century French economist, explained "legal plunder" by saying, "When a portion of wealth is transferred from the person who owns it -- without his consent and without compensation, and whether by force or by fraud -- to anyone who does not own it, then I say that property is violated."

    LETTER TO THE EDITOR: Make government earn our taxes →

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