Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 301
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
Free labour directed to the production of sugar will lower its price more and more, and slave property will become less and less valuable to the owners. Slavery would long since have gone down of its own accord in America, if in Europe our laws had not raised the price of sugar artificially. It is for this reason that we see the masters, their creditors, and their delegates working actively to maintain these laws, which are at present the pillars of the edifice.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 301 · 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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