Tag Archives: John Law The System

bank heist: meltdown on the Mississippi

Posted on March 31, 2012 by Dave

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 →

Posted in Feature Article, Ideas/Opinion | Tagged Francois Boucher, francois boucher paintings, Greater fool hypothesis, James Turk, John Kenneth Gailbraith, John Law banking and finance, John Law The Mississippi Bubble, John Law The System, Joseph Schumpeter, Lady Catherine Senor, Madame Pickwick, madame pickwick art blog, max keiser, Philippe d'Orleans | Leave a comment

Ole’ Miss: beating the system

Posted on March 29, 2012 by Dave

A Scottish libertine named John Law rescued France from certain ruin after the death of Louis XIV, the Sun King who had emptied the treasury. However Law then ruined France a second time by basing prosperity on credit; which in … Continue reading →