Frédéric Bastiat：Economic Sophisms, Excerpt 7

The _Presse_, the _Commerce_, and the greater part of the daily papers, have one or more articles every morning to demonstrate to the Chambers and the Government, that it is sound policy to raise legislatively the price of all things by means of tariffs. And do the Chambers and the Government not obey the injunction? Now tariffs can raise prices only by diminishing the _supply_ of commodities in the market! Then the journals, the Chambers, and the Minister, put in practice the theory of scarcity, and I am justified in saying that this theory is by far the most popular.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 7 · Verified：2026-10-19 · Verification：Short excerpt

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