Ulrich F.

Conventional wisdom tells us the liberal democracies are the most peace-loving nations. But the record tells us something else.

The new “Donroe Doctrine” that is used to justify the US invasion of Venezuela is in line with how the state seizes power and then finds ways to justify actions that are unjustifiable.

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.”