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From this stems the apparent contradiction between the principles of
ReplyDeletesavings and regulations. At any given moment
time the number of existing gold and silver coins
is certain; Colbert even thought, despite
exploitation of mines, despite the influx of American gold,
"the amount of money circulating in Europe is constant".
Consequently, these money require in the means
to represent wealth, that is, to attract them (not
to hide them), bringing them from abroad or producing place;
they also need to pass them from hand to hand in
the process of exchange. Therefore, it is necessary to import the metal from
neighboring States: "Only one trade and all that it
depends, can do this great thing"<$FC l e m e n t.
Lettres, instructions et memoires de Colbert, t. VII, p. 239.>.
Legislation should, therefore, take care of two
things: "prohibit the exportation of metal abroad, or its use
other than chasing money and goals to establish a customs
the fee, which will allow the trade balance to be always
positive, encouraging import of raw materials, to prevent, as far as
perhaps the import of finished products, the export of industrial goods, and
no food, whose disappearance leads to famine and
causing prices to rise at"<$FC l e m e n t. Lettres, instructions et
memoires de Colbert, t. VII, p. 284. Cm. also: B o u t e r o u
e. Resherches curieuses, p. 10--11.>.