Jim Grant opens with this paragraph, writing about Frédéric Bastiat’s The Man and the Statesman in today’s Wall Street Journal.
Because nobody else can understand them, modern economists speak to one another. They gossip in algebra and remonstrate in differential calculus. And when the pungently correct mathematical equation doesn’t occur to them, they awkwardly fall back on the English language, like a middle-aged American trying to remember his high-school Spanish. The economist Frédéric Bastiat, who lived in the first half of the 19th century, wrote in French, not symbols. But his words—forceful, clear and witty—live to this day.
Get your Bastiat fix here.
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His words live to this day, but they fall on deaf ears. The public cherishes broken windows, and money equates to wealth.
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