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Title: Great passage from a 1904 book perfectly describes the present “satire on justice” we have when it comes to bankers.
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URL Source: http://investmentwatchblog.com/grea ... have-when-it-comes-to-bankers/
Published: Nov 6, 2015
Author: staff
Post Date: 2015-11-06 18:52:36 by Horse
Keywords: None
Views: 98
Comments: 1
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#1. To: Horse (#0)
(Edited)
BY restraining, either by high duties or by absolute prohibitions, the importation of such goods from foreign countries as can be produced at home, the monopoly of the home market is more or less secured to the domestic industry employed in producing them. Thus the prohibition of importing either live cattle or salt provisions from foreign countries secures to the graziers of Great Britain the monopoly of the home market for butcher's meat. The high duties upon the importation of corn, which in times of moderate plenty amount to a prohibition, give a like advantage to the growers of that commodity. The prohibition of the importation of foreign woollens is equally favourable to the woollen manufacturers. The silk manufacture, though altogether employed upon foreign materials, has lately obtained the same advantage. The linen manufacture has not yet obtained it, but is making great strides towards it. Many other sorts of manufacturers have, in the same manner, obtained in Great Britain, either altogether or very nearly, a monopoly against their countrymen. The variety of goods of which the importation into Great Britain is prohibited, either absolutely, or under certain circumstances, greatly exceeds what can easily be suspected by those who are not well acquainted with the laws of the customs. The eGOP wants mercantilism vs the DSFLP's apparent passion for feudalism. Umm, ohhh, which one do I choose??? Can I tolerate economic sefdom to ward of complete serfdom? The question is, why should I have to? More to the point, why do I have to? Predatory Statism is not some freakish act that shows up in 1:6000000 individuals like cannabalism or something. It's celebrated, they have meetings to decide the best way to get more power. I'm rambling now, will stop They kill good trees to put out bad newspapers. - James G. Watt
from Of Restraints upon the Importation from Foreign Countries of such Goods as can be produced at Home - Adam Smith AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS (1776):
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