I have taken the decision that, whatever happens, I will not be a party man.
May 14, 2007 1:23 PM Subscribe
Frederic Bastiat, described by Joseph Schumpeter nearly a century after Bastiat's death as, "the most brilliant economic journalist who ever lived." A great proponent of free markets, his works show a fastidious devotion to the Vienna School of economic thought. His Petition to Candlemakers demonstrates both his satirical wit and an understanding of the failings of isolationist economic policies (cf Smoot-Hawley Tariff Act). Lorenza Garreau writes, "Every day he crushed a fallacy -- killed it by ridicule and by turning on it the bright light of logic."
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