Adam Smith：The Wealth of Nations, Book II, Chapter IV, Paragraph 875

No law can reduce the common rate of interest below the lowest ordinary market rate at the time when that law is made. Notwithstanding the edict of 1766, by which the French king attempted to reduce the rate of interest from five to four per cent. money continued to be lent in France at five per cent. the law being evaded in several different ways.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter IV, paragraph 875 · Verified：2026-10-19 · Verification：Exact match

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