All Posts Tagged With: "assignats"
The Great French Inflation
Governments have an insatiable appetite for the wealth of their subjects. When governments find it impossible to continue raising taxes or borrowing funds, they have invariably turned to printing paper money to finance their growing expenditures. The resulting inflations have often undermined the social fabric, ruined the economy, and sometimes brought revolution and tyranny in [...]
1Jul2007 | Richard M. Ebeling | 0 comments | Continued-
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