Investor, author and media personality Peter Schiff recently corrected Rush Limbaugh on his radio show. Mr Schiff, in a succinct manner, exposed the fraud of democracy and the legal plunder which it enables. The Limbaugh clip and Schiff’s response can be seen in the below video. The term ‘legal plunder’ was popularised by nineteenth century French...
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One of the basic principles of economics, as explained by French classical liberal economist and statesman Frédéric Bastiat, is the seen and the unseen. As Bastiat explained it, the difference between a good economist and a bad economist is that the latter considers only that which is seen, while the former also considers the unseen: In...
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Known for their systematic promotion of the free market, the French classical liberal economists of the early nineteenth century proposed a class conflict theory, possessed a strong sense of class consciousness in defense of what they considered the exploited class and at their most consistent advocated abolishing all forms of interference with human cooperation...
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Socialists seem to suffer from a lack of understanding or imagination. As the great French Classical Liberal economist Frédéric Bastiat put it: Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government,...
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