“If a product is seen only as the opportunity for work, it is certain that the anxieties of protectionists are well founded.” –Frédéric Bastiat, Economic Sophisms
Drawing inspiration from a 1847 essay by the inimitable Frédéric Bastiat, economist Donald Boudreaux tackles a popular argument from today’s trade protectionists: namely, “that protectionism is justified if enough consumers or voters are willing to pay higher prices in order to help workers.” Continue Reading...
Latest Posts
August 22, 2017
How the invisible hand reduces industry costs
August 21, 2017
Why Christians must get poverty and inequality right
August 21, 2017
The anti-capitalist roots of American anti-Semitism
August 18, 2017
Video: Rev. Robert Sirico on the Vatican’s targeting of evangelical and Catholic collaboration
August 18, 2017
Wall Street Journal: ‘The Acton Institute’s Moral Capital’
August 18, 2017
Are Roman Catholics more likely to support the EU than Protestants?
August 18, 2017
What did John Calvin think about economics?
August 17, 2017
How a struggling widow became a farmer, welder, and seamstress
August 16, 2017