praxeologist on Nostr: Meet the man who gambled with a nation’s future: John Law, the father of modern ...

Meet the man who gambled with a nation’s future: John Law, the father of modern fiat money and the mastermind behind history’s first economic bubble.



John Law is one of history’s most notorious financial manipulators—a man whose bold ideas and reckless ambition left a trail of destruction. Known as the architect of the first major economic bubble, the Mississippi Bubble, Law’s obsession with turning paper money into a tool of unchecked wealth creation plunged France into chaos. His schemes not only collapsed the economy but also deepened the mistrust between the people and the monarchy, laying the groundwork for the French Revolution. Law wasn’t a visionary but a gambler who leveraged his charm and influence to gain power, leaving behind one of history’s greatest cautionary tales of greed and overreach.

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