What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader by Frédéric Bastiat
page 70 of 142 (49%)
page 70 of 142 (49%)
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"I will sell it," said he to his wife, "and with the proceeds I will
buy lace, which will serve you to make a present for our daughter." The honest countryman, arriving in the city of Cincinnati, there met an Englishman and a Yankee. The Yankee said to him, "Give me your wine, and I in exchange will give you fifteen bundles of Yankee lace." The Englishman said, "Give it to me, and I will give you twenty bundles of English lace, for we English can spin cheaper than the Yankees." But a custom-house officer standing by, said to the laborer, "My good fellow, make your exchange, if you choose, with Brother Jonathan, but it is my duty to prevent your doing so with the Englishman." "What!" exclaimed the countryman, "you wish me to take fifteen bundles of New England lace, when I can have twenty from Manchester!" "Certainly," replied the custom-house officer; "do you not see that the United States would be a loser if you were to receive twenty bundles instead of fifteen?" "I can scarcely understand this," said the laborer. "Nor can I explain it," said the custom-house officer, "but there is no doubt of the fact; for congressmen, ministers, and editors, all agree that a people is impoverished in proportion as it receives a large compensation for any given quantity of its produce." |
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