Fiat Money Inflation In France

Fiat Money Inflation In France

By Andrew Dickson White
Unabridged
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Fiat Money Inflation in France is Andrew Dickson White's historical case study of how a state's attempt to finance itself through unbacked paper currency can slide from emergency measure into self-destructive doctrine. Framed around Revolutionary France and the rise and collapse of the assignats, the book traces the familiar arc of monetary enchantment: initial relief, political overconfidence, price distortions, moral rationalizations, and finally the corrosion of trust that makes a currency-and the social bond beneath it-unravel.