![]() ![]() “I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.” - F.A.“Nothing is more deadly to achievement than the belief that effort will not be rewarded, that the world is a bleak and discriminatory place in which only the predatory and the specially preferred can get ahead.” - George Gilder.“The most basic question is not what is best, but who shall decide what is best.” - Thomas Sowell.“The farmer and manufacturer can no more live without profit than the labourer without wages.” - David Ricardo.Here is just a small sampling of the insights you’ll find. While some of the reflections will be familiar to readers, many of them will not be-even for seasoned readers of economics. Exploring topics ranging from self-interest, free trade, incentives, credit and sound money, private property, and socialism (and many more), Bahnsen curates some of the most profound economic insights in history, adding his own reflections along the way. ![]() Yet following a year that saw the Federal Reserve “ flood the system with money” to fund an unprecedented government expansion-which included simply sending $1,400 checks to individuals-it’s a lesson that has never been more important.īahnsen’s book, scheduled for release on November 9, helps readers understand why there is no such thing as a “free lunch”-and much more. The notion that free lunches don’t exist- TNSTAAFL, an idea popularized by the Nobel Prize-winner Friedman who used it as the title of a 1975 book-is both obvious and self-evident. In his latest work, Bahnsen-a National Review contributor, Chief Investment Officer of The Bahnsen Group, and FEE supporter-has collected centuries worth of economic wisdom into a single text to show precisely what the title implies: there are no free lunches.
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