Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 236

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

Some years ago three of the great towns of France--Lyons, Bordeaux, and Havre--united in a movement against the restrictive _régime_. All Europe was stirred on seeing raised what they took for the banner of liberty. Alas! it proved to be also the banner of monopoly--of a monopoly a little more niggardly and much more absurd than that of which they seemed to desire the overthrow. By the aid of the sophism which I have just endeavoured to expose, the petitioners did nothing more than reproduce the doctrine of protection to national industry, tacking to it an additional inconsistency.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 236 · 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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