On the record
You cannot put on a great series of such duties without cramping trade in a hundred ways and without diminishing their productiveness exceedingly.
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Walter Bagehot
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gutenberg.orgYou cannot put on a great series of such duties without cramping trade in a hundred ways and without diminishing their productiveness exceedingly.
Bagehot discusses the negative consequences of imposing heavy duties on trade.
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More from Walter Bagehot
But it is natural also that persons used to analyse political institutions should look at these anomalies with a little tenderness and a little interest.
These anomalies, in a hundred instances, mark the old boundaries of a constitutional struggle.
Political philosophy is still more imperfect; it has been framed from observations taken upon regular specimens of politics and States; as to these its teaching is most valuable.
I cannot, therefore, join in the full cry against anomalies; in my judgment it may quickly overrun the scent, and so miss what we should be glad to find.