Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 167
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
"If fifteen millions' worth of commodities, sold to foreigners, are taken from the total production, estimated at fifty millions, the thirty-five millions' worth of commodities remaining, not being sufficient to meet the ordinary demand, will increase in price, and rise to the value of fifty millions. In that case the revenue of the country will represent a value of fifteen millions additional.... There would then be an increase of the wealth of the country to the extent of fifteen millions, exactly the amount of specie imported."
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 167 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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