Frédéric Bastiat：Economic Sophisms, Excerpt 115

And yet, what do the Customhouse books tell M. Lestiboudois regarding this transaction? They tell him simply that France exported 200,000 francs' worth, and imported to the extent of 352,000 francs; whence the honourable deputy concludes "_that she had expended, and dissipated the profits of her anterior economies, that she is impoverishing herself that she is on the high road to ruin, and has given away to the foreigner 152,000 francs of her capital_."

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 115 · Verified：2026-10-19 · Verification：Short excerpt

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