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“In time perhaps Mankind may be wise enough to let Trade take its own Course, find its own Channels, and regulate its own Proportions, &c. At present, most of the Edicts of Princes, Placaerts, Laws and Ordinances of Kingdoms and States, for that purpose, prove political Blunders. The Advantages they produce not being general for the Commonwealth, but particular, to private Persons or Bodies in the State who procur’d them, and at the expense of the rest of the People.” – Benjamin Franklin, “Letter to Peter Collinson” (April 30, 1764) (emphases in original)

Published inBenjamin FranklinEconomicsPolitics & LawThe American Constitution

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