Tag Archives: Lord Banbury

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

Posted in Feature Article, Ideas/Opinion | Tagged , , , , , , , , , , , , , | Leave a comment

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

Posted in Feature Article, Ideas/Opinion | Tagged , , , , , , , , , | Leave a comment

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

Posted in Feature Article, Ideas/Opinion | Tagged , , , , , , , , , , , , | Leave a comment