What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader by Frédéric Bastiat
page 88 of 142 (61%)
page 88 of 142 (61%)
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idle in his strong-box, but lent them to various tradesmen, so that
the whole came to be usefully employed in the payment of wages. The countryman died, and his son, become master of the inheritance, said to himself: "It must be confessed that my father has, all his life, allowed himself to be duped. He bought iron, and thus paid _tribute_ to England, while our own land could, by an effort, be made to produce iron as well as England. He bought coal, cloths, and oranges, thus paying _tribute_ to New Brunswick, France, and Sicily, very unnecessarily; for coal may be found, doeskins may be made, and oranges may be forced to grow, within our own territory. He paid tribute to the foreign miner and the weaver; our own servants could very well mine our iron and get up native doeskins almost as good as the French article. He did all he could to ruin himself, and gave to strangers what ought to have been kept for the benefit of his own household." Full of this reasoning, our headstrong fellow determined to change the routine of his crops. He divided his farm into twenty parts. On one he dug for coal; on another he erected a cloth factory; on a third he put a hot-house and cultivated the orange; he devoted the fourth to vines, the fifth to wheat, &c., &c. Thus he succeeded in rendering himself _independent_, and furnished all his family supplies from his own farm. He no longer received anything from the general circulation; neither, it is true, did he cast anything into it. Was he the richer for this course? No; for his mine did not yield coal as cheaply as he could buy it in the market, nor was the climate favorable to the orange. In short, the family supply of these articles was very inferior to what it had been during the time when the father had obtained them and others by exchange of produce. |
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