That Which is Not Seen by Frederic Bastiat, 1850

  A PETITION From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting. 1) Who or What was the rival mentioned in the sentence below? “We are suffering from the ruinous competition of a rival who apparently works under conditions so far superior to our own for the production of light that he is flooding the domestic market with it at an incredibly low price; for the moment he appears, our sales cease, all the consumers turn to him, and a branch of French industry whose ramifications are innumerable is all at once reduced to complete stagnation.” 2) What does the petition request regarding the passing of a law? 3) The petitioners list at least four industries that would benefit from passing their requested law. Name two of them and the reason they would benefit as mentioned in the petition 4) What does the petition mention about Labour & Nature in regards to proportions, countries, climates, cost and value? 5) The petition mentions the concept of a “gratuitous gift”. Use the petition to describe this concept     That Which is Seen, and That Which is Not Seen by Frederic Bastiat, 1850 1) In the Broken Window (I) – What does Bastiat say about…What happens to society if things are uselessly destroyed? 2) In the Public Works (V) – Bastiat mentions that we are deceived by money. What does he mean by that statement? 3) In the Machinery (VIII) – How does Bastiat view the creation and use of machinery even if it displaces current workers? 4) In the Credit (IX) – What does Bastiat say about Government and its impact on credit (borrowing) in the marketplace? 5) In the Having a Right to work, Having a Right to Profit (XII) – What are the two consequences in history that Bastiat discusses? Policing for Profit (Civil Asset Forfeiture) –In Canvas files 1) What are some of the incentives (list at least two) to abuse Civil Asset Forfeiture? 2) What is the difference between Criminal & Civil Asset Forfeiture? 3) When did American forfeiture laws start? (pg 10) 4) What is Standard of Proof? And What type of levels are there in state forfeiture? (pg 22) 5) For the State of Alabama – What is the burden of proof & What % can law enforcement can keep of the forfeiture? (pg 45) The Roots of the Social Security Myth by John Attarian – In Canvas files 1) Which country started National Government Social Insurance? 2) What were the first falsehoods about Social Security? (pg6) 3) What was the Early Media Response to Social Security? (pg 10) 4) What are the defining characteristics of insurance? (pg 31) 5) What happened in Flemming vs Nestor? How did the court rule? (pg 33-37) 6) What are COLA’s? (pg 41) Recession & Recovery by Robert Higgs – In Canvas files (Called Higgs on Macroeconomics in the file) 1) How does Aggregation in Keynes Economics work? 2) What did Keynes say about pyramid building? Check the footnotes 3) What is time preference and why is it important? 4) What is Malinvestment? 5) What is Regime Uncertainty? The Law by Frederic Bastiat – In Canvas files 1) In the Forward – What two American evils and why? 2) According to Bastiat – Which came 1st - Laws or (personality, liberty, property)?(pg 2) 3) According to Bastiat – What is Law? (pg 3) 4) Law has been perverted two ways. What are they? (pg 15) 5) What is legal plunder? 6) What are the three solutions for legal plunder? (pg15)