[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link book
Sophisms of the Protectionists

PART IV
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If there are many planes, sacks of corn, or houses, in a country, the use of them is obtained, other things being equal, on more favorable conditions than if they were few; for the simple reason, that the lender renders in this case a smaller _relative service_.
It is not surprising, therefore, that the more abundant capitals are, the lower is the interest.
Is this saying that it will ever reach zero?
No; because, I repeat it, the principle of a remuneration is in the loan.

To say that interest will be annihilated, is to say that there will never be any motive for saving, for denying ourselves, in order to form new capitals, nor even to preserve the old ones.

In this case, the waste would immediately bring a void, and interest would directly reappear.
In that, the nature of the services of which we are speaking does not differ from any other.

Thanks to industrial progress, a pair of stockings, which used to be worth six francs, has successively been worth only four, three, and two.

No one can say to what point this value will descend; but we can affirm, that it will never reach zero, unless the stockings finish by producing themselves spontaneously.


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