tomjmaxwell on Nostr: “Since what is wrong with our economy is the excessive numbers of assignats [paper ...
“Since what is wrong with our economy is the excessive numbers of assignats [paper money] in circulation, we must ensure that their numbers are not allowed to increase, lest they depreciate apace. We must legislate so that as little money as possible is printed, but for that to be practicable, we must reduce the burden of charges falling on the national treasury, either by paying our creditors in land, or by repaying our debts in annual installments. In either event, it must be done without manufacturing additional paper money.”
"But if instead of restoring the economy and putting pressure on the traitors, if instead of making them pay for the war, you issue assignats to enrich them even more, you will add more and more to the means that have your enemies to harm you.”
“How would three or four hundred million [assignats] issued per month not cast corruption into society? This finance system could flourish a monarchy; but it has to ruin the whole republic.”
“When the country upholds a terrible war, when twelve hundred thousand citizens shed their blood, the Treasury, by a huge mass of new currencies, nourish disturbances and passions, without anyone retrenching his avarice and cruelty!”
- French revolutionary Louis Antoine de Saint-Just on inflation
"But if instead of restoring the economy and putting pressure on the traitors, if instead of making them pay for the war, you issue assignats to enrich them even more, you will add more and more to the means that have your enemies to harm you.”
“How would three or four hundred million [assignats] issued per month not cast corruption into society? This finance system could flourish a monarchy; but it has to ruin the whole republic.”
“When the country upholds a terrible war, when twelve hundred thousand citizens shed their blood, the Treasury, by a huge mass of new currencies, nourish disturbances and passions, without anyone retrenching his avarice and cruelty!”
- French revolutionary Louis Antoine de Saint-Just on inflation