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Mississippi Company Quotes

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Mississippi Company Quotes

“Every time you use a banknote; every time you use a modern coin; every time you use a credit card or debit card; every time you use internet banking; every time you use any modern crypto currency; every time you use a gift voucher; every time you use a poker chip; in fact, every time you enter into any form of transaction that does not rely on bartering, each such transaction has its ideological origins in John Law’s idea that money need have no intrinsic value.”

Coins Banking Paper Money Credit Cards Barter Fiat Money John Law Money And Trade Considered Mississippi Company Mississippi Scheme

Book:John Law: The Lauriston Lecture and Collected Writings

Source: John Law: The Lauriston Lecture and Collected Writings

“The famous Mr. John Law, then a youth, afterwards confessed, that the facility with which he saw the passion of speculation communicate itself from all to all, satisfied him of the possibility of producing the same effect from the same cause, but upon a larger scale, when the Duke of Orleans, in the year of the Missisippi, engaged him, against his will, to turn his bank into a bubble.”

Speculation Darien John Law Mississippi Company Duke Of Orleans

Book:Memoirs of Great Britain and Ireland, Volume II

Source: Memoirs of Great Britain and Ireland, Volume II