[What Is Free Trade? by Frederick Bastiat]@TWC D-Link book
What Is Free Trade?

CHAPTER XII
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As he needed for himself and family but a small portion of the grain, meat, and dairy produce of the farm, he sold the surplus and bought iron, coal, cloths, etc.

The whole of his capital was yearly distributed in wages and payments of accounts to the workingmen of the neighborhood.

This capital was, from his sales, again returned to him, and even increased from year to year.

Our countryman, being fully convinced that idle capital produces nothing, caused to circulate among the working classes this annual increase, which he devoted to the inclosing and clearing of lands, or to improvements in his farming utensils and his buildings.

He deposited some sums in reserve in the hands of a neighboring banker, who on his part did not leave these idle in his strong-box, but lent them to various tradesmen, so that the whole came to be usefully employed in the payment of wages.
The countryman died, and his son, become master of the inheritance, said to himself: "It must be confessed that my father has, all his life, allowed himself to be duped.


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