Frédéric Bastiat：Economic Sophisms, Excerpt 100

Or again, the State might levy a tax of five francs from the public, and give the proceeds as a premium to the ironmaster. The protective effect would be the same. Foreign iron would in this case be equally excluded; for our ironmaster can now sell his iron at seven francs, which, with the five francs premium, would make up to him the remunerative price of twelve francs. But with home iron at seven francs the foreigner could not sell his for eight, which by the supposition is his lowest remunerative price.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 100 · Verified：2026-10-19 · Verification：Short excerpt

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