In his TGIF column, Sheldon Richman attempts to explain Frederic Bastiat’s insights into the way government causes the waste of resources to a writer who thinks he has a refutation for Bastiat. Richman shows that the writer, Matt Yglesias, only has a superficial grasp of Bastiat’s argument, much like someone walking into a movie in the middle and thinking he can figure out the plot.
by George Leef