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Conditions of the separate state, inevitably would conduct to blasting of the uniform monetarySystems. Clearly, in such a manner that the monetary policy should be entirely business
Federations, instead of the separate states.
But even in the relation of less rough forms of interference in an economic life, than
Regulation of monetary sphere and the prices, possibilities of the separate states will be
Are sharply limited. Though they could supervise quality of the goods, of course,
And applied methods of production, it is impossible to lose sight that at Impossibility for member state federation not to suppose on the territory The goods made in other parts of the Union, any burden assigned to those or Other branch the legislation of this state, would put it in extremely Unprofitable position in comparison with similar branches in other parts
The union. As has shown experiment of existing federations, even such legislative
Measures, as restriction of child labour or duration of the working day, It becomes difficult to carry out in the separate states.
As to pure a financial field, methods of replenishment of incomes Member states also for them would be a little limited. Increased Mobility between the states will force them to avoid any forms The taxation, pushing out the capital and a labour in other places. However Besides there would be significant difficulties with many versions The indirect taxation. In particular, if has been decided to get rid from The superfluous costs connected with the boundary control that, undoubtedly, It is desirable, then it would appear to tax difficultly and any goods, Which can be imported easily. It would eliminate not only such forms The state taxation, as, for example, tobacco monopoly, but, Possibly, and many duties.
I do not have intention more full to consider here those restrictions, which
The federation would impose on economic policy of the separate states. The general
Effect in this direction, I hope, it is already enough illustrated by all Told above. It is probable to prevent evasion from the fundamental
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