This book contains the timeless truths that were understood by the Founders ofthe United States, but forgotten by those of us who are more concerned withour day-to-day lives. Everyone wants to be personally prosperous. Mosteveryone would agree that it is easier to be prosperous when living in a societythat is prosperous. This book makes it clear what prosperity is, what dynamicsimprove economies while reducing unemployment, and why the United Statesis the most prosperous nation that has ever existed.Fredric Bastiat lived in the revolutionary period of mid-nineteenth centuryFrance, and developed his Theory of Freedom at the same time as Karl Marxdeveloped his Theory of Communism. Where Karl Marx found the dynamicsof history to be a class-oriented struggle for wealth, Frederic Bastiat looked to the United States and found the harmonious dynamics of individual liberty. Itis liberty that provides the wealth everyone desires.Frederic Bastiat is unknown to most everyone in America, yet his ideas areoften used in conversation and discussion. If you ever hear someone say thatno wealth is created when government pays someone to dig a hole and thenfill it, or that breaking windows does not help the economy, it is an idea fromthe work of Bastiat. If you ever hear someone refer to obstacles to economicactivity, government policies as plunder, mention a negative railroad, or talkabout unintended consequences or what is seen and unseen; these are all ideaspresented by Bastiat. This work makes these ideas easily accessible to themodern American reader.This book is a derivation of two works by Frederic Bastiat, The Law andHarmonies of Political Economy. It presents the simple idea that there is anatural law of economics that, when followed, provides prosperity to bothindividuals and all of society. The fundamental premise is that all persons areequal with respect to the law. This work provides the reasoning behind theassertion in the Declaration of Independence that all persons have NaturalRights, and how to obtain the General Welfare, which is one of the purposes ofour government as stated in the Preamble of the Constitution. It is a summaryof the founding principles of the United States of America.