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Voltaire: "Paper money eventually returns to its intrinsic value - zero."
by tikhon 17y ago
Voltaire: "Paper money eventually returns to its intrinsic value - zero."
- rjurney 17y agoVoltaire would have been referring to this: http://en.wikipedia.org/wiki/Mississippi_Company http://en.wikipedia.org/wiki/Mississippi_Company and John Law: http://en.wikipedia.org/wiki/John_Law_%28economist%29 http://en.wikipedia.org/wiki/John_Law_%28economist%29 Read about it last night. The first stock market bubble. Far out... one Ken Layesque figure named John Law took over the entire French economy with his pyramid scheme, giving France its first paper money, for a while.