Macro Musings with David Beckworth cover image

Bryan Cutsinger and Louis Rouanet on the Politics and Dynamics of Hyperinflation in Revolutionary France

Macro Musings with David Beckworth

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The History of the ASEANs

ASEANs held their value relatively well during the French Revolution. When it starts losing too much value, that's when the government has all these legal restrictions to boost demand for ASEANs. Then they got left dead mostly in 1794 when Robespierre was toppled. And soon after, you start having hyperinflation.

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