Mises Wire
Author:
José Niño
Online Publish Date:
years, foreign assistance has played an integral role in American foreign policy. In 2019, a total of $39.2 billion was spent on foreign assistance, and at a US taxpayers will bail them out, some governments have no incentive whatsoever to innovate or keep corruption in check. Like subsidizing American banks making bad of this is done with complete disregard for the unforeseen consequences that these policies inevitably produce. Economist Frédéric Bastiat’s essay ”That Which is Seen,