Free Trade in the sense in which we have always understood it is either a sound economic policy or it is not. Judging by results in national prosperity I should have thought it would take a lot of disproving, but the Tories are ready to play fast and lose with it and some of our own people who ought to know far better seem ready to back them up. If there is any future for the Liberal party it surely rests on the rock of Free Trade.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Free Trade in the sense in which we have always understood it is either a sound economic policy or it is not. Judging by results in national prosperity I should have thought it would take a lot of disproving, but the Tories are ready to play fast and lose with it and some of our own people who ought to know far better seem ready to back them up. If there is any future for the Liberal party it surely rests on the rock of Free Trade." in the context of "Letter to John Lawrence Hammond (22 December 1931), quoted in The Political Diaries of C. P. Scott, 1911–1928, ed. Trevor Wilson (1970), p. 495" to mean that wisdom is timeless.