Ralph Waldo Emerson Quotes
For splendor, there must somewhere be rigid economy. That the head of the house may go brave, the members must be plainly clad, and the town must save that the State may spend.
Emerson, Ralph Waldo. "Wealth." The Conduct of Life, Ticknor and Fields, 1860, p. 102.
This is one of the earliest, if not the earliest, statement of the undesirability of protectionism and subsidies.
Ralph Waldo Emerson, who went by his middle name Waldo, was an American essayist, lecturer, philosopher, abolitionist and poet who led the transcendentalist movement of the mid-19th century. He was seen as a champion of individualism and a prescient critic of the countervailing pressures of society, and he disseminated his thoughts through dozens of published essays and more than 1,500 public lectures across the United States.