TAILIEUCHUNG - a history of money from ad 800 phần 8

Tiền giấy được phát hành hoàn toàn cho sự tiện lợi và số lượng giấy trong lưu thông không được vượt quá giá trị của vàng được tổ chức trong khu bảo tồn. Theo cơ chế như vậy, lưu hành giấy 100% vàng được hỗ trợ. (Nguyên tắc sẽ làm việc tốt như nhau trên một tiêu chuẩn bạc, nhưng điều này là không | 210 LAW CANTILLON THE MISSISSIPPI SCHEME murdered in Albemarle Street. The treatise was written either in English or French it is not known which it was first printed in Paris in the guise of a French translation purporting to be published by Fletcher Gyles over against Gray s Inn in Holborn was damned in England by a base garbled English retranslation erroneously attributed to a merchant later of the City of London perhaps the brother actually the cousin of the author. Except that it was once mistakenly quoted by Adam Smith it has remained to the present unknown or entirely misinterpreted in England while in France it has been explicitly acknowledged as the source of the leading ideas of the great French school. Jevons 1881 Richard Cantillon was born in Ireland probably in or around 1680. He applied for French nationality in 1708 this then being regarded as a routine precaution for foreign merchants trading within France. He was one of the wild geese Irish Catholic gentry who fled Ireland after the Battle of the Boyne in 1690. They added much to the commerce of France just as the Protestant Huguenots driven out of France were making their impact in England and elsewhere. During the War of the Spanish Succession he served as assistant to James Brydges who made a fortune as Paymaster General and became Duke of Chandos Handel s patron. During the next ten years he was to become associated in various ways with John Law and his system. In 1715 his uncle and namesake already banking in Paris went bankrupt. The nephew was able to repay the creditors and to take over the business. He must by then already have been a man of substance and the records available show that as a banker he was capable of handling large transactions. He appears to have operated successfully in accordance with the sound principles he was later to write about. On 19 December 1718 Cantillon entered into a joint venture with John Law and Joseph Edward Gage. The object was to take a concession from .

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