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Frédéric Bastiat

There is perhaps no writer better at articulating the economic way of thinking and exposing the myths that plague political debate than the Frenchman Frédéric Bastiat. During his short life (1801-1850), Bastiat wrote such classics as “The Law” and “What is Seen and What Is Not Seen” He possessed a remarkable ability to pierce the sophistry of protectionism, socialism, and other ideologies of big government. And Bastiat did this with astounding clarity and wit.

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A Negative Railroad

by Frédéric Bastiat in 1845 C.E.

In this short excerpt from Economic Sophisms, Bastiat demonstrates the absurdity of supposed economic benefits from inefficiency.

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The Tax Collector

by Frédéric Bastiat in 1848 C.E.

In this parable, Bastiat conceives a conversation between a wine maker and a tax collector. The wine maker comes to realize the folly of government spending.

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High Prices and Low Prices

by Frédéric Bastiat in 1845 C.E.

In this excerpt from Economic Sophisms, Bastiat dispels the notion that policymakers should attempt to attain “high” or “low” prices.