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Editorial October 17, 1808

Portland Gazette, And Maine Advertiser

Portland, Cumberland County, Maine

What is this article about?

Dr. Franklin advocates for minimal government interference in trade, arguing that regulations are often blunders or self-serving, and that free commerce among nations would mutually benefit all, as no nation has been ruined by trade.

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Full Text

Of an Open Trade.

By DR. FRANKLIN.

Perhaps, in general, it would be better if government meddled no farther with trade, than to protect it, and let it take its course. Most of the statutes or acts, edicts, arrets and placarts of parliaments, princes, and states, for regulating, directing or restraining of trade, have, I think, been either political blunders, or jobs obtained by artful men for private advantage, under pretence of public good.- When Colbert assembled some wise old merchants of France, and desired their advice and opinion how he could best serve and promote commerce, their answer, after consultation, was in three words only, -Let us alone. It is said by a very solid writer of the same nation that he is well advanced in the science of politics, who knows the full force of that maxim,-not to govern too strictly which, perhaps, would be of more use when applied to trade, than in any other public concern. It were, therefore, to be wished, that commerce were as free between all the nations of the world, as it is between the several counties of England, so would all, by mutual communication, obtain more enjoyments. Those counties do not ruin each other by trade ; neither would the nations. No nation was ever ruined by trade, even seemingly the most disadvantageous.

What sub-type of article is it?

Trade Or Commerce Economic Policy

What keywords are associated?

Free Trade Government Meddling Commerce Regulation Laissez Faire Colbert Advice

What entities or persons were involved?

Dr. Franklin Colbert Merchants Of France

Editorial Details

Primary Topic

Advocacy For Open And Unregulated Trade

Stance / Tone

Supportive Of Laissez Faire Commerce

Key Figures

Dr. Franklin Colbert Merchants Of France

Key Arguments

Government Should Protect Trade But Not Meddle Beyond That Most Trade Regulations Are Political Blunders Or Private Jobs French Merchants Advised Colbert: Let Us Alone Max Maxim: Not To Govern Too Strictly, Especially In Trade Commerce Should Be As Free Between Nations As Between English Counties Mutual Trade Benefits All Nations Without Ruin

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