[What Is Free Trade? by Frederick Bastiat]@TWC D-Link book
What Is Free Trade?

CHAPTER XXI
8/10

We do not exchange a bale of cotton for a bale of lace collars, nor a pound of wool in the grease for a pound of wool in cashmere; but a certain value of one of these things _for an equal value_ of the other.

Now to barter equal value against equal value is to barter equal work against equal work.

It is not true, then, that the nation which gives for a hundred dollars cashmere or collars, gains more than the nation which delivers for a hundred dollars wool or cotton.
In a country where no law can be adopted, no impost established, without the consent of those whom this law is to govern, the public cannot be robbed without being first deceived.

Our ignorance is the "raw material" of all extortion which is practised upon us, and we may be sure in advance that every sophism is the forerunner of a spoliation.

Good public, when you see a sophism, clap your hand on your pocket; for that is certainly the point at which it aims.


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