Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 97
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
A protective duty is a tax directed against a foreign product; but we must never forget that it falls back on the home consumer. Now the consumer is the tax-payer. The agreeable language you address to him is this: "Because your taxes are heavy, we raise the price of everything you buy; because the State lays hold of one part of your income, we hand over another to the monopolist."
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 97 · 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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