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" "it cannot fail to be admitted, that when protectionism raises the price of things, the consumer loses the difference. But, then, it is said, national labor is the gainer. No, it is not the gainer; for since the Act, it is no more encouraged than it was before, to the amount of fifteen francs. The only thing is that, since the Act, the fifteen francs of John Q. Citizen go to the metal trade, while before it was put in force, they were divided between the ironmonger and the bookseller.
Frédéric Bastiat (30 June 1801 – 24 December 1850) was an early free-market economist and classical liberal French author.
Biography information from Wikiquote
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