[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link bookSophisms of the Protectionists PARTisans of free trade, we are accused of being theorists, and not 22/50
But its action does not stop here.
This result being obtained at less labor, is given to the public at a less price. The amount thus saved to the buyers, enables them to procure other comforts, and thus to encourage general labor, precisely in proportion to the saving they have made upon the one article which the machine has given to them at an easier price.
Thus the standard of labor is not lowered, though that of comfort is raised. Let me endeavor to render this double fact more striking by an example. I suppose that ten million of hats, at fifteen francs each, are yearly consumed in France.
This would give to those employed in this manufacture one hundred and fifty millions.
A machine is invented which enables the manufacturer to furnish hats at ten francs.
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