Liberland Flag (Small)

This coin was issued to commemorate the 4th anniversary of Liberland.

The obverse of the medal depicts a French economist and writer Frédéric Bastiat. Bastiat was also a prominent member of the French Liberal School, who developed the economic concept of opportunity cost and introduced the parable of the broken window.  Bastiat was the author of many works on economics and political economy, among his most known works, are Economic Sophisms, The Law, and a series of essays that contain a defence of free trade.