John Law, Paper Money and Gold Coin Prohibition

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Uploaded on July 07, 2011 by GoldMoneyNews

Watch the whole 19-minute interview at http://www.goldmoney.com/pierre-jovanovic. Pierre Jovanovic (jovanovic.com) talks to the GoldMoney Foundation about John Law’s arrival in Paris and how he convinced the French Monarchy to issue paper money. How he was eventually made Minister of Finance with very wide powers. Eventually he passed a law forbidding the use of gold and silver coin. How the collapse of the Mississippi Company and of the paper money it issued drove people to riot in the streets of Paris.

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Video, Fiat, Money, John, Law, Pierre, Jovanovic, Mississippi, Bubble, News & Events
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