Tariffs Are A Form of ‘Legal Plunder’. This is How Bastiat Explained It
‘Some persons consider that plunder is perfectly justifiable, if only sanctioned by law. But, for myself, I cannot imagine anything more aggravating.’
Category: MONEY
The Fastest Way to Explain the Difference Between Austrian and Fake Economics
Since Keynes, fake economists have developed the habit of constructing parallel universes having nothing to do with the real world.
Why the Market Satisfies Desires Better Than Voting in A ‘Democracy’
An entrepreneur earns profit by serving the consumers, the people, as they are and not as they should be according to the fancies of some grumbler or potential dictator.
Real Economics for Business : Ad Man Explains How Marketing Adds Value to the Customer
Only Austrian economists understand that when entrepreneurs do good marketing, they create new value for customers
How Zero Interest Rates Have Decimated the People of Japan
“Japanification” also comes with psychological and social consequences
Happy Birthday Bastiat : Yes, Protectionism is Still A Form of Communist “Legal Plunder” !
“Protectionism, socialism, and communism are basically the same plant in three different stages of its growth. All that can be said is that legal plunder is more visible in communism”