Fiat money inflation in France

In 'Fiat Money Inflation in France', Andrew Dickson White examines the French government's attempt to create and maintain an inconvertible paper currency, known as assignats, during the late 18th century.

The book details how this policy led to severe inflation, economic instability, and social unrest, ultimately contributing to the financial and moral prostration of France.

White's work provides a cautionary tale about the dangers of unchecked monetary policy and its impact on society.