Bastiat emphasized that much of what goes on in the economy involves things we don’t see directly. Intermediaries often fall into Bastiat’s category of things “not seen.”

Over the centuries, European governments have driven talented workers out of their countries. That unfortunate legacy continues as France is the latest nation facing a “brain drain.”

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.

Frederic Bastiat understood better than most how free markets and market prices actually promote social harmony. And unlike most, he understood why Paris, which had little agricultural land, had plenty of food for its inhabitants.

France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime.

France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. Naturally, the French media and government blame capitalism and look to double down on the intervention that has causes this crisis.

Éric Lombard, France’s Minister of Economy and Finance, makes a negative impression almost every day with his statements on the economy and the role of the state in society. These positions are a perfect reflection of the gulf between the French political class, defenders of socialist statism, and a world that is following a completely opposite path: one of freedom, economic liberalization, eager to reduce the weight of the state in the life of individuals… In short, we are witnessing a revival of liberal ideas in the West while countries like France plunge ever deeper into statism. This theological dogmatism in socialism and statism may prove unwise in a world where political leaders like Milei, Meloni and Trump tend to agree that the excessive presence of the state is precisely the