Quotation of the Day…

by Don Boudreaux on March 20, 2018

in Myths and Fallacies, Travel

… is from page 368 of William Leggett‘s February 11, 1837, Plaindealer essay, “Free Trade, Taxes, and Subsidies,” as this essay is reprinted and titled in Democratick Editorials, Lawrence H. White, ed. (Indianapolis: Liberty Fund, 1984):

It is a mistake to say that theoretick free trade consists in the equality of duties.  It consists in levying no duties at all.  It consists in leaving the parties to trade – the buyer and seller -perfectly unrestrained by the conditions of a third party.


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