Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: The fatal flaw of Real Bills Doctrine
by
hazenyc
on 17/02/2015, 02:46:06 UTC
Quote from: johnyj on February 05, 2015, 11:55:17 PM
John Law's Real Bills Doctrine says that banks can create fiat money backed by his assets


John Law is also responsible for the infamous South Sea Bubble (sometimes called the Mississippi Bubble). Look it up.