"The act of navigation is not favourable to foreign commerce, or to the growth of that opulence which can arise from it. ... As defence, however, is of much more importance than opulence, the act of navigation is, perhaps, the wisest of all the commercial regulations of England."
Adam Smith

January 1, 1970

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Original Language: English

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Chapter II

https://en.wikiquote.org/wiki/Adam_Smith