Saturday, February 11, 2012

John Law and the Mississippi Bubble (1979)

John Law was a proto-Keynesian monetary theorist from Scotland that inflated the money supply of France, which caused the Mississippi Bubble in 1720. The last three videos provide a historical perspective of John Law and the French Revolution that occurred some 70 years later.  Doug French in the last video wrote a book on this subject: Early Speculative Bubbles and Increases in the Supply of Money.

John Law and the Mississippi Bubble (1979)

Fiat Money Inflation in France: Part 1 - John Law

Fiat Money Inflation in France: Part 2 - Assignats

The Bubble Economy by Douglas French
 

French starts speaking about John Law around 11:00.  However, the segment before is worth watching.

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