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Quotation of the Day…

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… is from page 368 of William Leggett [2]‘s February 11, 1837, Plaindealer essay, “Free Trade, Taxes, and Subsidies,” as this essay is reprinted and titled in Democratick Editorials [3], 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.