Frédéric Bastiat：Economic Sophisms, Excerpt 156

Do you desire to be in a situation to decide between liberty and protection? Do you desire to appreciate the bearing of an economic phenomenon? Inquire into its effects _upon the abundance or scarcity of commodities_, and not _upon the rise or fall of prices_. Distrust _nominal prices_;* and they will only land you in an inextricable labyrinth.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 156 · Verified：2026-10-19 · Verification：Short excerpt

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