While in some other nations steady and industrious labor can hardly find the means of subsistence, the greatest evil which we have to encounter is a surplus of production beyond the home demand, which seeks, and with difficulty finds, a partial market in other regions.
John Tyler: “While in some other nations steady and industrious labor can hardly find the means of subsistence, the greatest evil…”
Editor's note · Context
Tyler discusses the economic challenges of overproduction in the United States compared to other nations.
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