Just a few days ago I commented on my desire for Americans to learn more about economics. I also finished the post adding the need to learn about history. The writings of Frederic Bastiat prove this second point. Bastiat died in 1850 yet 160 years after his death words speak to many of the issues that we encounter today.
In The Law, written shortly before his death, Bastiat makes a compelling case that law in France at the time was being misused to commit legal plunder. Laws passed that allow government to take from one person and give it to other persons to whom it does not belong do not change the fact that something is TAKEN from the first person or plundered. The passage of such laws make the plunder legal. We most recognize this plunder in the form of taxes.
“There is urgent need (for) a true world political authority that can manage the global economy, guarantee the environment is protected, ensure world peace and bring about food security for the poor.”
This is a recent quote from a world leader. I want you to guess who made the statement.
- Barack Obama
- Ban Ki-moon (head of the U.N.)
- Warren Buffet (second richest man in the world)
- George Clooney
- Hu Jintao (leader of China)
- Fidel Castro
I often listen to the radio at work, but cannot always pay really close attention. A while ago, I heard Glenn Beck discussing a book and though I did not catch much detail about the book, I bought it based on Beck’s recommendation.
I finished the book a week ago and was trying to find a way to write a review. The book was great, but I have so many notes that I did not know which of the themes to select for my review.