[What Is Free Trade? by Frederick Bastiat]@TWC D-Link bookWhat Is Free Trade? CHAPTER VI 21/23
| Imports.
| Net profit |Immediate | |Value in the| Foreign | to the |accretion to the| |United | value.
| individual.|country's stock | |States.
| | |of productive | | | | |wealth.
| -- +------------+------------+------------+----------------| A | $10,000,000| $11,000,000| $2,000,000 | $2,000,000 | B | | 1,000,000| 100,000 | 1,100,000 | C | | 1,000,000| 100,000 | 1,000,000 | D | | 1,000,000| 1,100,000 | 1,100,000 | E | 1,000,000| 1,610,510| 610,510 | 610,510 | F | | 200,000| 50,000 | 50,000 | G | | 600,000| | | H | | 250,000| 175,000 | 175,000 | I | | 40,000,000| 4,000,000 | 4,000,000 | J | | 1,440,000| 184,000 | 1,584,000 | K | | 222,222| 22,222 | 22,222 | L | | 25,000,000| | 25,000,000 | M | | 1,000,000| 100,000 | 1,000,000 | N | | 1,000,000| 100,000 | 1,100,000 | O | | 16,644,220| 1,664,422 | 18,308,642 | P | | 10,000,000| | 10,000,000 | Q | | 48,000,000| 52,800,000 | 52,800,000 | R | | 500,000| 500,000 | 500,000 | S | | 1,655,659| 1,655,659 | 1,655,659 | T | | 1,000,000| 1,000,000 | 2,000,000 | U | | 200,000| 200,000 | 200,000 | V | | 300,000| 30,000 | 330,000 | W | | | | | X | | | | | Y | | | | | Z | | | | | -- +------------+------------+------------+----------------| $11,000,000|$163,622,611|$66,391,813 |$124,736,033 | -- --------------------------------------------------------- W, X, Y, Z, represent 43,628,427,835,109 other commercial transactions, in all of which the parties to them and the countries in which they live make money, but which, regarded from Mr.Greeley's solitary point of view, should be stopped at once by appropriate legislation. These various transactions, it will be perceived, have netted to the individuals engaged in them a clear profit of $66,391,813, while the country has added to its immediate stock of wealth not only this sum, but $58,344,220 over, viz: $124,736,033; while, according to the Balance of Trade chimera, which simply weighs the custom-house reports of the value of the exports with that of the imports (and their values in their respective countries of production, too), this commerce has been a loss to the country of $163,622,611--$11,000,000: $152,622,611. So much for _theory_ when confronted with _practice_. The truth is, that the theory of the Balance of Trade should be precisely _reversed_.
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