What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader — John Shaqi
What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American ReaderBastiat, Frédéric
General
What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader
Bastiat, Frédéric
Free trade; Tariff -- United States
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."
The countryman was obliged to conclude his bargain with the Yankee.
His daughter received but three-fourths of her present; and these good
folks are still puzzling themselves to discover how it can happen that
people are ruined by receiving four instead of three; and why they are
richer with three dozen bundles of lace instead of four.
CHAPTER IX.
A WONDERFUL DISCOVERY.
At this moment, when all minds are occupied in endeavoring to
discover the most economical means of transportation; when, to put
these means into practice, we are levelling roads, improving rivers,
perfecting steamboats, establishing railroads, and attempting various
systems of traction, atmospheric, hydraulic, pneumatic, electric, &c.;
at this moment, when, I believe, every one is seeking in sincerity and
with ardor the solution of this problem--"_To bring the price of
things in their place of consumption, as near as possible to their
price in that of production_"--I would believe myself to be acting a
culpable part towards my country, towards the age in which I live, and
towards myself, if I were longer to keep secret the wonderful
discovery which I have just made.
I am well aware that the self-illusions of inventors have become
proverbial, but I have, nevertheless, the most complete certainty of
having discovered an infallible means of bringing produce from all
parts of the world into the United States, and reciprocally to
transport ours, with a very important reduction of price.
Infallible! and yet this is but a single one of the advantages of my
astonishing invention, which requires neither plans nor devices,
neither preparatory studies, nor engineers, nor machinists, nor
capital, nor stockholders, nor governmental assistance! There is no
danger of shipwrecks, of explosions, of shocks of fire, nor of
displacement of rails! It can be put into practice without preparation
almost any day we think proper!
Public-domain text, read in full here on John Shaqi.
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