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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