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?©d?©ric, 1801-1850

"Essays on Political Economy"


B. What is that?
F. I have made you an absolute king. I understand that you are going
to prevent your subjects from buying foreign productions. It will be
enough if you prevent them from entering the country. Thirty or forty
thousand custom-house officers will do the business.
B. It would be rather expensive. But what does that signify? The money
they receive will not go out of the country.
F. True; and in this system it is the grand point. But to ensure a
sale abroad, how would you proceed?
B. I should encourage it by prizes, obtained by means of some good
taxes laid upon my people.
F. In this case, the exporters, constrained by competition among
themselves, would lower their prices in proportion, and it would be like
making a present to the foreigner of the prizes or of the taxes.
B. Still, the money would not go out of the country.
F. Of course. That is understood. But if your system is beneficial,
the kings around you will adopt it. They will make similar plans to
yours; they will have their custom-house officers, and reject your
productions; so that with them, as with you, the heap of money may not
be diminished.
B. I shall have an army and force their barriers.
F. They will have an army and force yours.
B. I shall arm vessels, make conquests, acquire colonies, and create
consumers for my people, who will be obliged to eat our corn and drink
our wine.


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