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Tag Archives: John Law The Mississippi Bubble
The liberation of Mme de Tencin. From convent to court, from bank to boudoir, she was always prone to argue. It was the end of the Louis XIV reign, a hey-day of cynical license that characterized the Regency period that … Continue reading
It was the Regency period in France, beginning in 1715 and was a hey-day of cynical license in the last legs of the aged Louis XIV. And Mme Alexandrine de Tencin found no lack of companions. Her vows from the … Continue reading
It is really a case of the greater fool hypothesis. That is, no matter how high the price of something gets whipped up in speculative frenzy, there are always others who are willing to pay for it. The Mississippi Bubble … Continue reading
John Law. He rescued France from ruin, then ruined her again by basing prosperity on credit with the famous Mississippi bubble. He showed us how the future could not work: today’s examples would be the tech bubble of 2000, the … Continue reading