Fiat Money Inflation in France
Auteur: Andrew Dickson White
Nombre de pages: 67 pages
ISBN: 0932790135, 9780932790132
Edition: Cato Institute
Date de publication: Cato Institute
Description: The question will naturally be asked, On whom did this vast depreciation mainly fall at last? When this currency had sunk to about one three-hundredth part of its nominal value and, after that, to nothing, in whose hands was the bulk of it? The answer is simple. I shall give it in the exact words of that thoughtful historian from whom I have already quoted: Before the end of the year 1795 the paper money was almost exclusively in the hands of the working classes, employees and men of small means, whose property was not large enough to invest in stores of goods or national lands.