The doc­trines that by keep­ing out for­eign goods more wealth, and con­se­quently more employ­ment, will be cre­ated at home, are either true or they are not true. We con­tend that they are not true. We con­tend that for a nation to try to tax itself into pros­per­ity is like a man stand­ing in a bucket and try­ing to lift him­self up by the han­dle.Stead, W.T., ed. (13 April 1905), Coming Men on Coming Questions, chapter: Chapter 1: Why I am a Free Trader

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The doc­trines that by keep­ing out for­eign goods more wealth, and con­se­quently more employ­ment, will be cre­ated at home, are either true or they are not true. We con­tend that they are not true. We con­tend that for a nation to try to tax itself into pros­per­ity is like a man stand­ing in a bucket and try­ing to lift him­self up by the han­dle.Stead, W.T., ed. (13 April 1905), Coming Men on Coming Questions, chapter: Chapter 1: Why I am a Free Trader" in the context of "From "Why I am a Free Trader" (1905), Churchill revised this several times, the earliest recorded version coming from the speech "For Free Trade" at the Free Trade Hall, Manchester, 19 Feb­ru­ary 1904:
 • It is the the­ory of the Pro­tec­tion­ist that imports are an evil. He thinks that if you shut out the for­eign imported man­u­fac­tured goods you will make these goods your­selves, in addi­tion to the goods which you make now, includ­ing those goods which we make to exchange for the for­eign goods that come in. If a man can believe that he can believe any­thing. (Laugh­ter.) We Free-traders say it is not true. To think you can make a man richer by putting on a tax is like a man think­ing that he can stand in a bucket and lift him­self up by the han­dle. (Laugh­ter and cheers.) Rhodes James, Robert, ed. (1974), Winston S. Churchill: His Complete Speeches 1897-1963 publisher: Chelsea House Publishers / R.R. Bowker Company, ISBN: 0835206939" to mean that wisdom is timeless.