---

John C. Calhoun [1782-1850] American Statesman
Quote rank: 111

---

Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.

---

Source

The script ran 0.002 seconds.