Quotes Donut - modern terms, what Law was attempting could be described as reflation. The French economy had been in recession in 1716 and Law’s expansion of the money supply with banknotes clearly did provide a much-needed stimulus.52

modern terms, what Law was attempting could be described as reflation. The Frenc... - Niall Ferguson - Quotes Donut

Written By Niall Ferguson

modern terms, what Law was attempting could be described as reflation. The French economy had been in recession in 1716 and Law’s expansion of the money supply with banknotes clearly did provide a much-needed stimulus.52

15 Reads • June 15, 2021