Article
When Paris Went Hungry Under Government Food Controls
When Paris Went Hungry Under Government Food Controls
Authored by Daniel J. Smith via The Daily Economy,
How does Paris get fed? Frédéric Bastiat famously explained in Economic Sophisms (1845) how market exchange reliably provisioned the (then) million people of Paris with agricultural produce from the countryside that they were able to enjoy "peaceful slumbers...not disturbed for a single instant...."
In stark contrast, Bastiat predicted that there would be "much suffering within the walls of Paris - poverty, despair, perhaps starvation..." if a presumptuous minister decided to replace the market with their...
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