When Mnuchin claims that the steel and aluminum tariffs will only add a few cents to a beer can or a few dollars to an auto he displays as much ignorance as Nancy Pelosi who contends that a raise of only $20 a week is crumbs. It is the classic broken window fallacy of Bastiat, the inability to understand and acknowledge what is unseen.
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from The Georgia Public Policy Foundation Friday Facts 7/7/17 “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, the socialists
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Mark Perry posts at Carpe Diem at AEI a wonderful collection of quotes from Thomas Sowell and Frederic Bastiat, who share the same birthday and economic insights. Happy 86th birthday to economist Thomas Sowell, one of the greatest living economists
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I cannot avoid coming to this conclusion- that there are too many great men in the world; there are too many legislators, organizers, institutors of society, conductors of the people, fathers of nations, etc., etc. Too many persons place themselves
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