Fiat Money Inflation in France: How It Came, What It Brought, and How It Ended

White, Andrew Dickson

Verlag: Univ Pr of the Pacific
ISBN 10: 1410205835 / ISBN 13: 9781410205834
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Inhaltsangabe: In 1790 the French people, by general acquiescence, embarked upon what they believed to be a harmless experiment in currency inflation. The results of this action are vividly described in Dr. Andrew D. White's book entitled Fiat Money Inflation in France - How It Came, What It Brought and How It Ended. Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right nor divorce effect from cause, either by parliamentary majorities, or by unity of supporting public opinion. The penalties of such legislative folly will always be exacted by inexorable time. While these propositions may be regarded as mere commonplaces, and while they are acknowledged in a general way, they are in effect denied by many of the legislative experiments and the tendencies of public opinion of the present day. The story, therefore, of the colossal folly of France in the closing part of the eighteenth century and its terrible fruits, is full of instruction for all men who think upon the problems of our own time.

About the Author:

Andrew Dickson White (1832-1918) did more than any other American to impress upon late nineteenth- and twentieth century thought the idea that science and religion are enemies locked in combat on an almost military scale. In 1849, he entered Geneva College and later enrolled in Yale. After graduating, White joined the University of Michigan as a lecturer in history. He returned to New York and won election to the state senate. Finally, White went on to become the first president and cofounder of Cornell University. He also is the author of books, including Seven Great Statesmen in the Warfare of Humanity with Unreason and a 1906 autobiography.

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Titel: Fiat Money Inflation in France: How It Came,...
Verlag: Univ Pr of the Pacific
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Buchbeschreibung University Press of the Pacific, United States, 2003. Paperback. Buchzustand: New. Language: English . Brand New Book ***** Print on Demand *****.In 1790 the French people, by general acquiescence, embarked upon what they believed to be a harmless experiment in currency inflation. The results of this action are vividly described in Dr. Andrew D. White s book entitled Fiat Money Inflation in France - How It Came, What It Brought and How It Ended. Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right nor divorce effect from cause, either by parliamentary majorities, or by unity of supporting public opinion. The penalties of such legislative folly will always be exacted by inexorable time. While these propositions may be regarded as mere commonplaces, and while they are acknowledged in a general way, they are in effect denied by many of the legislative experiments and the tendencies of public opinion of the present day. The story, therefore, of the colossal folly of France in the closing part of the eighteenth century and its terrible fruits, is full of instruction for all men who think upon the problems of our own time. Buchnummer des Verkäufers AAV9781410205834

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Buchbeschreibung University Press of the Pacific, United States, 2003. Paperback. Buchzustand: New. Language: English . Brand New Book ***** Print on Demand *****. In 1790 the French people, by general acquiescence, embarked upon what they believed to be a harmless experiment in currency inflation. The results of this action are vividly described in Dr. Andrew D. White s book entitled Fiat Money Inflation in France - How It Came, What It Brought and How It Ended. Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right nor divorce effect from cause, either by parliamentary majorities, or by unity of supporting public opinion. The penalties of such legislative folly will always be exacted by inexorable time. While these propositions may be regarded as mere commonplaces, and while they are acknowledged in a general way, they are in effect denied by many of the legislative experiments and the tendencies of public opinion of the present day. The story, therefore, of the colossal folly of France in the closing part of the eighteenth century and its terrible fruits, is full of instruction for all men who think upon the problems of our own time. Buchnummer des Verkäufers AAV9781410205834

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Buchbeschreibung University Press of the Pacific. Paperback. Buchzustand: New. Paperback. 80 pages. Dimensions: 8.8in. x 5.8in. x 0.4in.In 1790 the French people, by general acquiescence, embarked upon what they believed to be a harmless experiment in currency inflation. The results of this action are vividly described in Dr. Andrew D. Whites book entitled Fiat Money Inflation in France - How It Came, What It Brought and How It Ended. Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right nor divorce effect from cause, either by parliamentary majorities, or by unity of supporting public opinion. The penalties of such legislative folly will always be exacted by inexorable time. While these propositions may be regarded as mere commonplaces, and while they are acknowledged in a general way, they are in effect denied by many of the legislative experiments and the tendencies of public opinion of the present day. The story, therefore, of the colossal folly of France in the closing part of the eighteenth century and its terrible fruits, is full of instruction for all men who think upon the problems of our own time. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Buchnummer des Verkäufers 9781410205834

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