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"But it seems to me that you need to step back and consider the long-term-ah-" His lips tight, he fumbled for the word. Wilhelm, sitting next to him, leaned over and murmured: " 'Consequences,' I believe, is the word you're looking for."

He flashed Saxe-Weimar a grateful glance. "Yes, consequences." He swiveled his head and looked at the nobleman who had complained about losing his tolls. "Let me give you an example, using a subject I am very familiar with. The matter of the tolls. Yes, immediate revenue will be lost. Although I should point out that the emperor has no objection to tolls levied for works which are actually being maintained-such as locks, for instance. It's simply the endless bleeding of money from the merchants for a thousand fees that he wants removed, most of which-let us be honest-are simply a monopoly surcharge for no service rendered. Add it all together-which I have done-and you will find that, as a rule, those tolls wind up adding a third to the price of something shipped simply across half of Germany."

The nobleman scowled, but did not try to object. And you'd better not, buster. On this subject, I've got the facts and figures damn well memorized.

"What this will produce in the long run, however-and much sooner than you might think-is a rapid increase in Germany's internal trade. Foreign trade as well, for that matter. That, in turn, will produce an accumulation of money in the hands of Germany's commoners. Some of them, at least. What will they do with it? Reinvest, that's what. And where will they do so? Many of them, of course, in the same place where they exist already. But many of them will look for opportunities elsewhere. Especially-"

He swiveled his head, giving all the noblemen in the room his very fine and well-polished confident CEO regard, lingering for an extra moment on the count of Schwarzburg-Rudolstadt. "Especially in the lands of those territorial princes who have the good sense to encourage them to come. And there are a multitude of ways to do so. For instance-"

Simpson spoke steadily for half an hour, interrupted only on occasion by the need to determine the right word, or to clarify a few terms for the noblemen. The concept of 'tax-free enterprise zones' was especially challenging for some of them. Although Simpson was ignorant of most of the specific circumstances, the subject in general was one on which he was a genuine expert.

When he was done, the room was silent for a moment. Then Hesse-Kassel started chuckling.

"So. We are not doomed after all, it seems."

Wilhelm, the former duke of Saxe-Weimar, started to say something. Then, pursed his lips and remained silent. Simpson glanced at him, and for an instant a look of complete understanding passed between them.

God, he's a smart one. Saxe-Weimar knows the truth. No, Hesse-Kassel. As a class, you are in fact doomed. Sooner or later. But as individuals, as families… If you're smart-and that's a big "if"-you could wind up better off than ever. So what do you care?

A dim thought seeped into Simpson's mind. Dim… and unpleasant. So he pushed it aside almost instantly. But, for just a moment, he found himself contemplating the possibility that maybe-just maybe-that coal miner roughneck knew what he was doing. Better, even-maybe-than the CEO had.

Bah. He was just lucky.

Chapter 37

Mary Simpson chattered gaily all the way home, not even complaining once about the wretched conditions of the half-cobblestoned streets and the way their vehicle was lurching about. They were riding in what amounted to a palanquin suspended fore-and-aft between two horses, with a rider on the lead horse. That was a far more practical conveyance for a city with such rough streets as Magdeburg's still were than an actual carriage would have been. Still, the ride was very far from a smooth one.

Simpson was glad to hear the undertone of happiness in his wife's voice, but paid little attention to her actual words. Her monologue was mostly meaningless to him, anyway, involving Mary's detailed-even exhaustive-assessment of the various personalities she'd encountered at Hesse-Kassel's soiree. As opaque as his own shop talk would have been to her.

It was a practiced and polite sort of ignoring, on his part. He'd had plenty of experience, in the long years before the Ring of Fire, accompanying Mary to a multitude of social occasions. He'd always tried to get out of as many as he could, except during his stint at the Pentagon, but Mary ran a tight ship and didn't let him slip too often. She'd even forced him to attend more operas than he could remember, a form of entertainment he found positively excruciating.

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