About this episode
In this opening episode, we introduce a special series on one of the most important political essays ever written — The Law by Frédéric Bastiat, published in 1850 in the final year of his life.
Bastiat wrote with one urgent question: what is law actually for? His answer — that law exists solely to protect life, liberty, and property, and that any law which does otherwise is legalized plunder — is as relevant today as it was in post-revolutionary France.
In this episode we also trace a thread that runs through the entire series: how Bitcoin and Bastiat are, at their core, making the same argument. Where Bastiat diagnosed the disease, Satoshi Nakamoto built the cure. Where legal plunder runs through the monetary system, Bitcoin closes the door — not through better laws, but through mathematics.
We also introduce the Cantillon effect (it's can-TILL-on, not the Spanish way) and why newly created money is itself a form of legal plunder — one that has been running continuously since 1913.
Over the next six episodes we'll read the full text of The Law together, with commentary connecting Bastiat's ideas to sound money, Austrian economics, and Bitcoin.
Read the full text: The Law — Mises Institute edition: https://cdn.mises.org/thelaw.pdf
www.satoshigeneral.com
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