Walter Bagehot: “You cannot put on a great series of such duties without cramping trade…”

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.

Said by

Walter Bagehot

Source

Bagehot discusses the negative consequences of imposing heavy duties on trade.

More from Walter Bagehot

In early society, originality in life was forbidden and repressed by the fixed rule of life.

And, to the effectual maintenance of such a separation, the exclusion of the President's Ministers from the legislature is essential.

They are solely concerned with his attractiveness as a candidate; they need not regard his efficiency as a ruler.

All savage religions are full of superstitions founded on luck.

Other voices in this conversation

Walter Bagehot: “You cannot put on a great series of such duties without cramping trade in a hundred ways and without diminishing their…”