Source: The Daily Economy
by Nikolai G Wenzel
“Amidst the trade wars and troubled economic understanding, it is tempting for economists to seek the counsel of despair. Indeed, the fallacies in popular economic reasoning are not the stuff of minute mathematical modeling, profound methodological disagreement, or advanced debate on controversial models. Rather, the sophistry on trade and tariffs is the stuff of the first or second week of economics 101. How could we have gone so wrong? In this time of economic illiteracy, it is worth returning to one of the masters of our tradition. Bastiat (1801-1850) was a brilliant economic mind, but he also remains an unmatched and witty expositor of simple truths. And he can be a lesson of hope.” (06/30/25)
https://thedailyeconomy.org/article/rediscovering-frederic-bastiat-in-an-age-of-tariffs/