[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link bookSophisms of the Protectionists PREFACE TO FIRST EDITION 19/20
It must pay for the services which it receives with the services which it renders.
If foreign nations are not allowed to render services to us, how shall we render them the service of bread? [Footnote 5: Principles of Political Economy (People's Ed.), London, 1865, page 557.] [Footnote 6: These figures are taken from the census report for the year 1860.
In this report the total production of flour and meal is given, not in barrels, but in value.
The quantity is ascertained by dividing the total value by the average price per barrel in New York during the year, the fluctuations then being very slight.
Flour being a manufactured article, is it not a little curious that we exported under the "free trade tariff" twice as large a percentage of breadstuffs in that form as we did of the "raw material," wheat ?] The first series of Bastiat's _Sophismes_ were published in 1845, and the second series in 1848.
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