Some of you may have come across this purported quote from Abraham Lincoln before:
"I do not know much about the tariff, but I know this much, when we buy manufactured goods abroad, we get the goods and the foreigner gets the money. When we buy the manufactured goods at home, we get both the goods and the money."
According to economist and professor Frank Taussig, however, it's all just a myth. See his explanation of the origins of the myth here.