David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 277

That a commodity when taxed can no longer be so profitably exported, is so well understood, that a drawback is frequently allowed on its exportation, and a duty laid on its importation. If these drawbacks and duties be accurately laid, not only on the commodities themselves, but on all which they may indirectly affect, then indeed there will be no disturbance in the value of the precious metals. Since we could as readily export a commodity after being taxed as before, and since no peculiar facility would be given to importation, the precious metals would not, more than before, enter into the list of exportable commodities.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 277 · Verified：2026-10-19 · Verification：Short excerpt

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