Nathan Smart

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Benjamin Franklin toured a textile factory in Norwich and observed a cruel and bitter irony. He was amazed to see that the English clothmakers were themselves “half-naked or in tatters.” The factory owner pointed proudly to his inventory and said, “those cloths are for Italy, those for Germany, the ones over here for the American islands, and those for the continent.” Franklin replied, “Have you none for the factory workers of Norwich?
The Great Wave: Price Revolutions and the Rhythm of History
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