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?©d?©ric, 1801-1850

"Essays on Political Economy"


F. The other kings will do the same. They will dispute your conquests,
your colonies, and your consumers; then on all sides there will be war,
and all will be uproar.
B. I shall raise my taxes, and increase my custom-house officers, my
army, and my navy.
F. The others will do the same.
B. I shall redouble my exertions.
F. The others will redouble theirs. In the meantime, we have no proof
that you would succeed in selling to a great extent.
B. It is but too true. It would be well if the commercial efforts
would neutralize each other.
F. And the military efforts also. And, tell me, are not these
custom-house officers, soldiers, and vessels, these oppressive taxes,
this perpetual struggle towards an impossible result, this permanent
state of open or secret war with the whole world, are they not the
logical and inevitable consequence of the legislators having adopted an
idea, which you admit is acted upon by no man who is his own master,
that "wealth is cash; and to increase cash, is to increase wealth?"
B. I grant it. Either the axiom is true, and then the legislator ought
to act as I have described, although universal war should be the
consequence; or it is false; and in this case men, in destroying each
other, only ruin themselves.
F. And, remember, that before you became a king, this same axiom had
led you by a logical process to the following maxims:--That which one
gains, another loses.


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