Fiat Money Inflation in France
Andrew Dickson White, academic, ambassador and author, offers a detailed examination of the inflation, which took place in France of the 1790s: the reasons and consequences. The book describes irrational human behavior in times of financial crises, when currency had sunk to about one three-hundredth part of its nominal value and, after that, to nothing. Inquiring into the subject and the chain of events that occurred, White tried to dissuade the US Government of printing its own paper money.
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