“If the increase in cash proceeds from gold or silver mines located in a state, the owners of these mines, the entrepreneurs, the smelters, the refiners and generally all those who work there will in any case their expenses according to their profits increase. They will consume more meat and more wine or beer in their households than they used to, they will get used to wearing better clothes and nicer lingerie, better furnished houses, and other more exquisite comforts in life. They will therefore give employment to some artisans who previously did not have so much work and who will now increase their expenses for the same reason; All these increases in expenditure on meat, wine, wool, etc. necessarily reduce the proportion of the other inhabitants of the state who initially do not share in the riches of the mines in question. The haggling in the market or the demand for meat, wine, wool, etc., which is stronger than usual, will in any case drive up their prices. These high prices will cause the tenants to use more land to produce these things in another year; these same tenants will benefit from this increase in prices and, like the others, will increase the expenses of their families. Those who will suffer from this inflation and increased consumption will therefore first be the landowners during the term of their leases, then their servants and all workers or employees with fixed salaries who receive their families from it. All of these will have to cut their spending in accordance with the new consumption, and this will force a large number of them to leave the state to seek their fortune elsewhere. The owners will lay off many of them and it will happen that the rest of them will ask for a wage increase in order to be able to live as they were used to. This is roughly the way in which a considerable increase in the money from mines increases consumption and, while decreasing the population, results in greater spending by those who remain behind. "