Political Quotes

Benjamin Franklin: “The people, by this means, are not imposed on either by the merchant or mechanic: if the merchant demands too much…”

On the record
The people, by this means, are not imposed on either by the merchant or mechanic: if the merchant demands too much profit on imported shoes, they buy of the shoe-maker; and if he asks too high a price, they take them of the merchant: thus the two professions are checks on each other.
Said by
Benjamin Franklin
Missouri

Editor's note · Context

Franklin describes a market dynamic where merchants and shoemakers regulate each other's prices, benefiting consumers.

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