Frédéric Bastiat：Economic Sophisms, Excerpt 99

The first mode is to lay a duty of five francs on foreign iron. It is evident that that duty would exclude it, since it could no longer be sold under thirteen francs, namely, eight francs for the cost price, and five francs for the tax, and at that price it would be driven out of the market by French iron, the price of which we suppose to be only twelve francs. In this case, the purchaser, the consumer, would be at the whole cost of the protection.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 99 · Verified：2026-10-19 · Verification：Short excerpt

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