Tag Archives: John Law

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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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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mega millions for all

John Law. He rescued France from ruin, then ruined her again by basing prosperity on credit with the famous Mississippi bubble. He showed us how the future could not work: today’s examples would be the tech bubble of 2000, the … 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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STAG PARTY: DEPRAVITY, DEBAUCHERY & DEER

“The late autumn sun laid a radiant haze over the new sodded winter grass of the lawn, and even in the woods the sun shone through places where the leaves were not so dense, to make fiery golden patterns on … Continue reading

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