Edward Grey Quotes
The arguments for protection are more easily made attractive than those for free trade.
Edward Grey [Viscount Fallodon], 1862-1933, British Foreign Secretary (Liberal), Twenty-Five Years,1892-1916, 1925
Sourced by: Eigen's Political and Historical Quotations
In England at the time, the liberals were for free trade and the conservatives against. In both England and America both liberals and conservatives have flip flopped their roles in foreign trade several times. Free trade is a two edged sword; it aids domestic growth, employment and prosperity in some cases and hurts them on others. And there are always winners and losers for each example of free trade within any country. The result is no long term commitment and much flip flopping.
This historical quotation shows us that the nation under Republican control at the end of the 19th century was highly protectionist. In addition. It shows us how a party can flip flop on its most cherished principles. A century later, free trade was the cornerstone of Republican philosophy and opponents who held to the Republican 19th century principles were accused of being detriments to the American growth and economic system.
1st Earl of Beaconsfield
Edward Grey, 1st Viscount Grey of Fallodon, KG, PC, DL, FZS, better known as Sir Edward Grey, was a British Liberal statesman and the main force behind British foreign policy in the era of the First World War.