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infospace: process book-2-chapter-02

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-2-chapter-02 -->
# Waggon-Way Through the Air Metaphor
## Definition
Smith's analogy comparing paper money to an aerial waggon-way that converts highways (gold and silver) into productive land. This illustrates how paper money can reduce the capital tied up in circulation and make it available for productive use.
## Source Chapter
Book II, Chapter 2
## Context
Smith uses this vivid metaphor to explain how paper money can reduce the capital needed for circulation, freeing up resources for productive investment. The metaphor illustrates the efficiency gains from substituting paper for metal money.
## Economic Domain
General Theory
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