Frédéric Bastiat：Economic Sophisms, Excerpt 166

I shall never cease to say to them: Is it, or is it not, true that restriction, by impeding exchanges, by limiting the division of labour, by forcing labour to connect itself with difficulties of climate and situation, diminishes ultimately the quantity of commodities produced by a determinate amount of efforts? And what does this signify, it will be said, if the smaller quantity produced under the _régime_ of protection has the same _nominal value_ as that produced under the _régime_ of liberty? The answer is obvious. Man does not live upon nominal values, but upon real products, and the more products there are, whatever be their price, the richer he is.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 166 · Verified：2026-10-19 · Verification：Short excerpt

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