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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ilaine who wrote (5912)7/17/2001 1:25:20 AM
From: Don Lloyd  Read Replies (2) of 74559
 
CB -

...I don't doubt at all that the Spanish Conquistadores repaid the investment of the Spanish kings many times over....

For the sake of argument, at least, I do.

Not being a lawyer, I am willing to ask a question to which I do not know the answer.

What would the result be for the pre and post conquistadorial periods of a comparison of the standards of living for all the classes of Spanish society? What would be the relative level of productivity? Might not all the gold actually returned be merely a source of inflation? Cheaper decorations for the church and royalty? Might not all the opportunity cost of all the Spanish lives (including its most able commanders) lost in the entire endeavor, including the opportunity costs of a command economy, be more than enough to offset all the gains?

Regards, Don
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