Great piece in the Newyorker about monetary adventures of John Law and Walter Bagehot and how they almost bankrupted entire countries, but their ideas live to this day

https://www.newyorker.com/magazine/2019/08/05/the-invention-of-money

submitted by /u/chrismug
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Source and link to Reddit topic: If you think Bitcoin is a crazy idea, then you’ve not looked back at the history of paper money

Author: Reddit.com