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Unwise Laws: A Consideration of the Operations of a Protective Tariff Upon Industry, Commerce, and Society (Classic Reprint) - Softcover

 
9781330731376: Unwise Laws: A Consideration of the Operations of a Protective Tariff Upon Industry, Commerce, and Society (Classic Reprint)

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Excerpt from Unwise Laws: A Consideration of the Operations of a Protective Tariff Upon Industry, Commerce, and Society

As an answer to the first question: It is written because every writer or speaker appears to have handled this subject from the standpoint of some particular interest to be benefited, and few have attempted to treat the subject of a protective tariff in a comprehensive manner. Some attack our tariff because they think it affects some industry or interest in which they are interested, and when that particular interest is relieved, then their hostility to the tariff ceases. Some object to our tariff because it hinders the free importation of so-called raw materials, and when they are admitted free their opposition is silenced. Some again are vehement opponents of our tariff because under it we cannot import ships without paying duties on them, but give them free ships and they have nothing more to say against the tariff. But few, if any, attack the principle of protection, and remain true to their premises.

In this volume I march to the attack of the very citadel of protection. I aim my shafts at its very heart, and if I fail in my object it is ;(?because my position is unsound, but because my pen is feeble. As will be seen, I am opposed to preferences and privileges of every kind, and demand that every citizen shall be as untrammelled (recognizing of course the necessity and the right of the government to raise all the revenue it requires for the economical administration of its affairs,) in his commercial and industrial relations as he is in his political relations.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Lewis H. Blair
Published by Forgotten Books, 2018
ISBN 10: 1330731379 ISBN 13: 9781330731376
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Paperback. Condition: New. Print on Demand. This book is an exploration of unwise and special laws throughout history, arguing that laws which discriminate and favor some interest or group are always unjust and, therefore, ultimately harmful to a nation. The author goes on to show how these laws took hold in the US, examining their impact on the nature of industry and social organization, showing how these special laws are the source of instability in the nation's commercial and economic affairs. The author posits that the main culprit in this realm is protectionist legislation which creates artificial scarcity, and hence higher prices for goods, and this stimulates production to the point of creating bubbles that invariably burst. The author convincingly argues that protectionism creates instability and is the primary cause of economic crises, panics, and depressions. The book concludes by examining how and why this system of unwise laws has persisted, despite its negative consequences for society, offering insights into the nature of special interests and their influence on government. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330731376_0

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