Fiat Money Inflation in France

I discovered this book by a reference to it from Victor Sperandeo on his 2013 Youtube video on Hyperinflation. As a former Soros trader, Victor has over 45 years of practical experience in financial and commodities markets. The parallels in this book of France's 1790's to today's world economy, are absolutely frightening. With a world that superficially appears to be solvent (as of October of 2016), the world is anything but. This book may just help one survive the coming onslaught of the world's financial implosions.Good luck to us all we are going to need God's help to get thru the coming mess.

This is a book that should be read by everyone today as it is extremely informative in explaining what happens with hyper-inflation.

A cogent review of monetary policy before/after the French Revolution. Promises made by government result in increasing devaluation of 'irredemable' paper. (e.g. our "Federal Reserve Note" - not "Silver Certificate" of my youth). A little dry reading, if your are not interested in this issue. If you have any interest in why your "money" has become increasingly worthless, this little book will help you understand. The recent massive infusion of "new" money by our national bank, thus devaluing our currency further, is classic replication of these errors.

As noted by other reviewers this book is about the substantive inflation in France during the 1790s. Putting it simply the French politicians inflated the currency supply by issuing paper, theoretically backed by lands seized from the Catholic church and the fleeing aristocracy, to be used in lieu of gold and silver. At first this had a positive effect on the economy but it rapidly deteriorated to requiring ever increasing amounts of printed currency to maintain momentum. As they printed more currency the value fell, people hoarded gold and the government enacted draconian measures, including the death penalty, to force people to accept the printed currency at par. Ultimately it all crashed and the printed currency was wiped out.This material is essentially a lecture originally given by the author, Andrew Dickson White (1832-1918) in 1876 and updated in 1914 prior to his death. It has had a long life inasmuch as "goldbugs" love the example of the debasement of currency while gold retains value. Today it has experienced renewed interest as the US government aggressively floods the markets with currency to offset the housing crash/recession. So this maintains historical and current interest even though there are many other examples of currency inflation (i.e. Weimar Germany).The book has limitations since it is really a lecture, rather than a "book" per se, and the age of the writing. As a lecture it would be an interesting overview and object lesson in two or three hours. However there are a large number of points which simply can not be explored in detail in a lecture and could only be developed in a full length book (i.e. France attempted to index link loans to the falling currency value). The writing, while clear, struck me as containing elements of florid lecture oratory.In all an interested historical artifact exploring an interesting historical event.

If you want to understand money today read this. History repeats.

This book is an interesting historical primer on the monetary policy of the French Revolution, and adds an economic dimension to the crisis that was largely overlooked in my high school study of the subject (as far as I can remember). My only complaint is that it becomes somewhat repetitive, since the French kept making the same mistake over, and over, and over, and over again. I'm not an "end the Fed" guy but this was a very insightful book for those worried about our monetary policy or just interested in economic history.

Proof upon proof that natural laws of economy cannot be ignored or circumvented with impunity. What surprises most is that government officials of the species Financus dumbassus keep trying and the general populace continue trusting. I highly recommend this book for those who genuinely seek economic wisdom.

Fascinating short overview that explains the French Revolution from the point of view of economics. Very clear explanation of paper/fiat money's effect on laws and civil discord. Parts of it reminded me of events in Rand's We the Living.

Written by an American and published about a hundred years ago, so not tweaked to ‘relate’ to current events. This is a stark preview of what is happening to our currencies now and a frightening insight into the horrible effects inflation and currency collapse has on the lives of ordinary people. How did they survive? No wonder the French have always been keen on gold.

Although I found this book a little difficult to read, the information inside should open everyone's eyes.Money backed by nothing is just paper. Governments can print as much as they like until your money becomes worthless toilet paper.Buy Gold & silver as insurance.

Every one should read this book, this is where we are now in our own history, the truth, its a short book, right to the point, the truth, truth and the truth, comes to mind how stupid are rulers are.

I purchased book. You sent it. Should be read by any investor or stacker.Wonder if you have a similar book yet on Parler being disconnected from the citizens by big tec?

A study of what happens when apparently 'good' ideas devised by theorists are manipulated by schemers and legislative bodies attempt to overcome natural laws.