Mises Daily
Author:
Claude Frédéric Bastiat
Online Publish Date:
[ The Bastiat Collection (2011). This piece was written in December 1846.] “Liberty acts on the same principle as insurance. When an accident, like a fire, happens, insurance spreads over a great number of men and a great number of years losses that, in the absence of insurance, would have fallen all at once upon one individual. But will anyone