Mises Daily
Author:
Aleksandra Dunaeva
Don Mathews
Online Publish Date:
The great Frederic Bastiat (1801–1850) taught that wealth can be obtained in two ways: it can be produced or it can be plundered. Production is undertaken by entrepreneurs. Plunder is often undertaken with the express assistance of government, taking the form of tariffs, taxes, subsidies, and other interventionist measures justified as policy in