There are some who maintain that trade will regulate itself, and it is not to be benefited by the encouragements or restraints of government. Such persons will imagine that there is no need of a common directing power. This is one of those wild speculative paradoxes, which have grown into credit among us, contrary to the uniform practice and sense of the most enlightened nations.


The Federalist: A Commentary on the Constitution of the United States (ed. 1864)


There are some who maintain that trade will regulate itself, and it is not to be benefited by the encouragements or restraints of government. Such...

There are some who maintain that trade will regulate itself, and it is not to be benefited by the encouragements or restraints of government. Such...

There are some who maintain that trade will regulate itself, and it is not to be benefited by the encouragements or restraints of government. Such...

There are some who maintain that trade will regulate itself, and it is not to be benefited by the encouragements or restraints of government. Such...