an interesting tale from 18th century France (via @jmatlin)

Posted by on 23 Mar, 2010 in My Stream | 0 comments


In this short cartoon you will learn some interesting things about the history of paper money and why you can’t just print more of it.

It’s a great example of why would need to study history and learn from it, so we don’t make the same mistakes in the future.

Is there a parallel with US subprime lending? You be the judge.

Hopefully the new trend of local banknotes in the UK are backed by equivalent UK legal tender in a bank vault somewhere!

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