Okay I'll bite. How do you figure?
Discussion
I think hard money leads to more specialization at a lower level, rather than the end of specialization, by promoting small-scale investment.
So, more local musicians, fewer world tours.
More dairy farms, fewer gigantic dairy producers.
More writers, fewer international bestsellers.
More electricians, fewer electrical conglomerates.
More nurses and doctors making home visits and having small practices, fewer regional hospitals.
That is a nice observation. Maybe you are right.
I hope I am right, as living and interacting in groups of medium size is probably ideal for human prosperity.
Yes.
I don't know the exact size, but it would need to be large enough to provide a steady income for at least one teacher, plumber, butcher, nurse, vegetable farmer, electrician, seamstress, inn owners, dairy and chicken farm, bus driver, baker, fire dept. chief, music band, etc.
500-2000 people, perhaps.
Someone like a priest or philosopher, lawyer, engineer, scientist, professor, administrator, would still have value, but you wouldn't need one of each in every human-cluster. We probably have way too many of them, now, and too few plumbers and cooks.