– August 14, 2014
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In a recent piece in Forbes.com, contributor Mark Hendrickson writes “one of my favorite passages in “MONEY” was when the authors drew an ironic contrast between the fate of John Law, who had to flee France in disgrace after his ruinous paper money scheme blew up two centuries ago, and our present tendency to lionize the chairpersons of the Federal Reserve, even though the latter are sowing the same Law-like fiat money seeds of monetary destruction in America today.” I keep a framed copy of an assignat in my office to remind me about the evils of paper money. For more, buy the book or read Mark’s column here .

 

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Alex Chafuen

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