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
Suppose a nation deprived of exterior relations. A man has produced
wheat. He throws it into the widest national circulation he can find
for it, and receives in exchange, what? Some dollars; that is to say
bills, bonds, infinitely divisible, by means of which it becomes
lawful for him to withdraw from national circulation, whenever he
thinks it advisable, and by just agreement, such articles as he may
need or wish. In fine, at the end of the operation he will have
withdrawn from the mass the exact equivalent of what he threw into it,
and in value his consumption will precisely equal his production.
If the foreign exchanges of that nation are free, it is no longer into
_national_, but into _general_ circulation that each one throws his
products, and from which he draws his returns. He has not to inquire
whether what he delivers up for general circulation is purchased by a
fellow-countryman or a foreigner; whether the goods he receives came
to him from a Frenchman or an Englishman; whether the objects for
which, in accordance with his needs, he, in the end, exchanges his
bills, are made on this or that side of the Atlantic or the St.
Lawrence. With each individual there is always an exact balance
between what he puts into and what he draws out of the grand common
reservoir; and if that is true of each individual, it is true of the
nation in the aggregate. The only difference between the two cases is,
that in the latter, each one is in a more extended market for both his
sales and his purchases, and has consequently more chances of doing
well by both.
This objection is made: "If every one should agree that they would not
withdraw from circulation any of the products of a specified
individual, he in turn would sustain the misfortune of being able to
draw nothing out. The same of a nation."
ANSWER.--If the nation cannot draw out of the mass, it will
no longer contribute to it: it will work for itself. It will be
compelled to that which you would impose on it in advance: that is to
say, isolation.
And this will be the ideal of prohibitive government. Is it not
amusing that you inflict upon it, at once and already, the misfortune
of this system, in the fear that it runs the risk of getting there
some day without you?
CHAPTER XVI.
OBSTRUCTED RIVERS PLEAD FOR THE PROHIBITIONISTS.
Some years ago, when the Spanish Cortes were discussing a treaty with
Portugal on improving the course of the river Douro, a deputy rose and
said, "If the Douro is turned into a canal, transportation will be
made at a much lower price. Portuguese cereals will sell cheaper in
Castile, and will make a formidable opposition to our _national
labor_. I oppose the project unless the ministers engage to raise the
tariff in such a way as to restore the equilibrium." The assembly
found the argument unanswerable.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account