Fiat Money Inflation in France, How It Came, What It Brought and How It Ended

Fiat Money Inflation in France, How It Came, What It Brought and How It Ended by Andrew Dickson White (1832 - 1918)
Genre(s): Business & Economics, Early Modern

Read by: Julie Anne Thompson, ShrimpPhish, E. Sharp, Verla Viera in English

Chapters:
00:00:00 - 01 - Introductory Note by Mr Mackay
00:07:29 - 02 - Introduction
00:14:13 - 03 - Section 1 Part 1
00:32:41 - 04 - Section 1 Part 2
00:46:27 - 05 - Section 1 Part 3
01:00:41 - 06 - Section 1 Part 4
01:16:22 - 07 - Section 2 Part 1
01:31:28 - 08 - Section 2 Part 2
01:47:44 - 09 - Section 2 Part 3
02:04:08 - 10 - Section 3 Part 1
02:19:28 - 11 - Section 3 Part 2
02:30:56 - 12 - Appendix: Effects of Cheap Coinage in Great Britain from Macaulay's History of England
02:34:29 - 13 - A Summary of the History of Paper Money in the United States During the Colonial and Revolutionary Period by Emile Levasseur

The story of 'Fiat Money Inflation in France' is one of great interest to legislators, to economic students, and to all business and thinking men. It records the most gigantic attempt ever made in the history of the world by a government to create an inconvertible paper currency, and to maintain its circulation at various levels of value. It also records what is perhaps the greatest of all governmental efforts — with the possible exception of Diocletian's — to enact and enforce a legal limit of commodity prices. Every fetter that could hinder the will or thwart the wisdom of democracy had been shattered, and in consequence every device and expedient that untrammelled power and unrepressed optimism could conceive were brought to bear. But the attempts failed. They left behind them a legacy of moral and material desolation and woe, from which one of the most intellectual and spirited races of Europe has suffered for a century and a quarter, and will continue to suffer until the end of time. There are limitations to the powers of governments and of peoples that inhere in the constitution of things, and that neither despotisms nor democracies can overcome. - Summary from Introductory Note by John Mackay