An argument much relied upon and strongly presented by the advocates of free-trade is the alleged tendency to over-production of protected articles, followed uniformly by seasons of depression and at certain intervals by financial panic and wide-spread distress.
James Blaine: “An argument much relied upon and strongly presented by the advocates of free-trade is the alleged tendency to…”
Editor's note · Context
Blaine addresses the argument that protectionism leads to overproduction and economic distress, a common claim by free-trade advocates.
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Without the exercise of those functions which belong exclusively to the civil service, the laws cannot be executed in any event, no matter what may be the physical strength which the Government has at its command.
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