Restriction may in the same way, while it lessens the abundance of things, raise their prices, so as to leave each individual as rich, _numerically speaking_, as when unembarrassed by it. But because we put down in an inventory three bushels of corn at $1, or four bushels at 75 cents, and sum up the nominal value of each inventory at $3, does it thence follow that they are equally capable of contributing to the necessities of the community? To this truthful and common-sense view of the phenomenon of consumption it will be my continual endeavor to lead the protectionists; for in this is the end of all my efforts, the solution of every problem. I must continually repeat to them that restriction, by impeding commerce, by limiting the division of labor, by forcing it to combat difficulties of situation and temperature, must in its results diminish the quantity produced by any fixed quantum of labor. And what can it benefit us that the smaller quantity produced under the protective system bears the same _nominal value_ as the greater quantity produced under the free trade system? Man does not live on _nominal values_, but on real articles of produce; and the more abundant these articles are, no matter what price they may bear, the richer is he. The following passage occurs in the writings of a French protectionist: "If fifteen millions of merchandise sold to foreign nations, be taken from our ordinary produce, calculated at fifty millions, the thirty-five millions of merchandise which remain, not being sufficient for the ordinary demand, will increase in price to the value of fifty millions. The revenue of the country will thus represent fifteen millions more in value.... There will then be an increase of fifteen millions in the riches of the country; precisely the amount of the importation of money." This is droll enough! If a country has made in the course of the year fifty millions of revenue in harvests and merchandise, she need but sell one-quarter to foreign nations, in order to make herself one-quarter richer than before! If then she sold the half, she would increase her riches by one-half; and if the last hair of her wool, the last grain of her wheat, were to be changed for cash, she would thus raise her product to one hundred millions, where before it was but fifty! A singular manner, certainly, of becoming rich. Unlimited price produced by unlimited scarcity! To sum up our judgment of the two systems, let us contemplate their different effects when pushed to the most exaggerated extreme. According to the protectionist just quoted, the French would be quite as rich, that is to say, as well provided with everything, if they had but a thousandth part of their annual produce, because this part would then be worth a thousand times its natural value! So much for looking at prices alone. According to us, the French would be infinitely rich if their annual produce were infinitely abundant, and consequently bearing no value at all.