Refusing to heed his argument the French people had again to be punished more severely than in John Law's time: the over-issue of assignats and mandats during the Revolution came forty years after his warning; and paper money inflation was again paid for by widespread bankruptcy and ruin.
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Footnote - For a short account of the Assignats and Mandats of the French Revolution, see Fiat Money Inflation in France, How it Came, What it Brought, and How it Ended by Andrew D. White (New York: D. Appleton & Co. 1896).
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p. 171