3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP505: The Price of Time w/ Edward Chancellor

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

John Law - The First Manetris, the First Fiat Money Central Banker

John Law was the first Fiat Money Central Banker. His scheme to bring down interest rates ended in a resounding failure. The modern monetary economists look back at Law and they say, well, Law provided the framework for modern central banking.

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