Explore Freedom » Daily Articles » Freedom Daily Archive

Freedom Daily Archive


The Nature of the Welfare State

by
Welfare-state programs have three central characteristics: plunder, deception, and obfuscation. Because those programs always effect a forcible transfer of wealth from one group of individuals to another, they involve what the great 19th-century economist Frederic Bastiat called "legalized plunder." The law sanctions stealing in these cases and is thereby changed from its original purpose, which was to protect people's ...

Book Review: Critique of Interventionism

by
Critique of Interventionism by Ludwig von Mises, revised edition (Irvington-on-Hudson, N.Y.: The Foundation for Economic Education, 1996) 122 pages; $12.95. In the first decade of the 1800s, the French classical-liberal economist Jean-Baptiste Say summarized in his book Treatise on Political Economy what became the general view of the majority of political economists throughout the early and middle decades of the ...