Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 34

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

Then statesmen intervene. They have the disposal of the public force; and what more natural than to make it available for developing and multiplying obstacles, since this is developing and multiplying wealth? They say, for example: If we prevent the importation of iron from places where it is abundant, we place an obstacle in the way of its being procured. This obstacle, keenly felt at home, will induce men to pay in order to be set free from it. A certain number of our fellow-citizens will devote themselves to combating it, and this obstacle will make their fortune. The greater the obstacle is--that is, the scarcer, the more inaccessible, the more difficult to transport, the more distant from the place where it is to be used, the mineral sought for becomes--the more hands will be engaged in the various ramifications of this branch of industry. Exclude, then, foreign iron, create an obstacle, for you thereby create the labour which is to overcome it.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 34 · 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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