Money and inflation during the revolutionary France [video]

[hugolp]

Goldmoney and Max Keiser have produced a very good video of the monetary events that played a basic role around the French Revolution.

Part 1: http://www.youtube.com/watch?v=7zvNV-vkEzc

Part 2: http://www.youtube.com/watch?v=U4aRuiO1OuQ

Its important to note how once the inflationary spiral has started, very few people realize the real cause of prices rising, the monetary inflation, and keep demanding more monetary inflation as to pay for the higher prices, leading to more distortions in the economy and making the problem even worse, until the final collapse.

[hugolp]

And this is a full article about assignats in case anyone wants to dig a bit dipper: http://www.financialsensearchive.com/editorials/casey/2006/1228.html

[andes]

I saw the video last week and found it very intersting. Had no idea of that episode of inflation during those years. Guillotines must have been quite expensive in nominal terms!  

[netrin]

French Revolution...Its important to note how once the inflationary spiral has started, very few people realize the real cause of prices rising, the monetary inflation, and keep demanding more monetary inflation as to pay for the higher prices, leading to more distortions in the economy and making the problem even worse, until the final collapse.

Fiat Money Inflation in France
by Andrew Dickson White

http://www.gutenberg.org/ebooks/6949

[hugolp]

French Revolution...Its important to note how once the inflationary spiral has started, very few people realize the real cause of prices rising, the monetary inflation, and keep demanding more monetary inflation as to pay for the higher prices, leading to more distortions in the economy and making the problem even worse, until the final collapse.

Fiat Money Inflation in France
by Andrew Dickson White

http://www.gutenberg.org/ebooks/6949

Thanks. Looks very intersting.