Political Quotes

Walter Bagehot: Then probably industry will return to its natural channel, the artificial trade will be first depressed, then…

On the record
Then probably industry will return to its natural channel, the artificial trade will be first depressed, then discontinued, and the fixed capital employed in the trade will all be depreciated and much of it be worthless.
Said by
Walter Bagehot

Editor's note · Context

Bagehot predicts that industry will revert to its natural state if artificial trade practices are abandoned.

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