Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 211

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

This faith, then, which we repose in a principle, when the question relates only to our home transactions, why should we not retain, when the same principle is applied to our international transactions, which are undoubtedly less numerous, less delicate, and less complicated? And if it is not necessary that the _préfecture_ should regulate our Parisian industries, weigh our chances, balance our profits and losses, see that our circulating medium is not exhausted, and equalize the conditions of our home labour, why should it be necessary that the Customhouse, departing from its fiscal duties, should pretend to exercise a protective action over our external commerce?

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 211 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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