2.5. The inequality of the circulation of hard money in a State
An Essay on Economic Theory · Mises Institute
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Show Notes
Rural France was impoverished because commodities had to be sent to the capital and major cities to pay taxes to the state and rents to the property owners living there. It is argued here that if factories were permitted in rural areas, basic commodities could be turned into goods, which could then be sent to the cities at a much lower transport cost. This would save resources in transportation and benefit both rural populations and property owners.
From Part 2: Money and Interest. Narrated by Millian Quinteros.