The Panic of 1819 (Murray N. Rothbard)

The Panic of 1819 (Murray N. Rothbard)
- Highlight Loc. 467-71  | Added on Friday, October 21, 2011, 01:15 AM

As the New York Evening Post succinctly expressed it: “Time and the laws of trade will restore things to an equilibrium, if legislatures do not rashly interfere to the natural course of events.” Of the expressions of laissez-faire sentiment in Congress, one of the most prominent was that of Representative Johnson of Virginia in the course of his attack against a proposed protective tariff. His theme was “let the people manage their own affairs . . . the people of this country understand their own interests and will pursue them to advantage.”