Tag Archives: Philippe d’Orleans

tencin: stockjobbing the abbe and others

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

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arguing from bank to boudoir

Powerful advocates brought Alexandrine’s pleas to the ear of the pope, and in November 1712, her vows were formally annulled. It was the liberation of Mme de Tencin. From convent to court, and from bank to boudoir, she was always … Continue reading

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madame de tencin: liberation of null and void

A rockin’ nun. The liberation of Mme de Tencin. From convent to court, from bank to boudoir, she was always prone to argue. It was the beginning of the eighteenth-century and the rays of light were starting to shine through … Continue reading

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when you can charge it

He was called the scoundrel who invented credit. He was a Scottish libertine named John Law who rescued France from ruin, then ruined France again by applying his theory of prosperity based on credit. Law showed us the future and … Continue reading

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get rich quick : bubbles in biloxi

He was brilliant. But he was something of a scoundrel. Some of the ideas were there that bore resemblance to John Maynard Keynes. Some of the ideas were there that resembled the classic stock swindle and Ponzi scheme, mortgage backed … Continue reading

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bank heist: meltdown on the Mississippi

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

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Ole’ Miss: beating the system

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

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print, borrow and occupy

He was called the scoundrel who invented credit. John Law was a Scottish libertine who rescued France from ruin, then ruined her again, by basing prosperity on credit. He gave us a glimpse of the future. It didn’t work then, … Continue reading

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