Ulrich Fromy

Over the centuries, European governments have driven talented workers out of their countries. That unfortunate legacy continues as France is the latest nation facing a “brain drain.”

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.

Frederic Bastiat understood better than most how free markets and market prices actually promote social harmony. And unlike most, he understood why Paris, which had little agricultural land, had plenty of food for its inhabitants.