On the record
Will not the first effect of this be, an enhancing of the price of all foreign goods to the tradesman and farmer, who use or consume them?
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gutenberg.orgBenjamin Franklin: “Will not the first effect of this be, an enhancing of the price of all foreign goods to the tradesman and farmer, who…”
Editor's note · Context
This quote addresses the economic impact of increased prices on foreign goods due to external threats, affecting local tradesmen and farmers.
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More from Benjamin Franklin
For a piece of baize, or a pot full of brandy, or the like, they could get a piece of ground, which at present would be worth more than 290l. sterling." Ib.
That compelling the colonies to pay money without their consent, would be rather like raising contributions in an enemy's country, than taxing of Englishmen for their own public benefit.
Some manufactures we could make, but are forbidden, and must take them of British merchants: the whole price is a tax paid to Britain.
But let us take a cool view of the general state of our affairs, and perhaps the prospect will appear less gloomy than has been imagined.
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