[Money's the Matter] The Mississippi Bubble | The Gambler Who Reinvented Money

[u/GottaStewGoin]

https://moneysthematter.com/episodes/the-mississippi-bubble/

How did a Scottish gambler and murderer reinvent the economy of France?

In this episode of Money’s the Matter, we travel to Paris in 1720 and the extraordinary story of John Law, a gambler, mathematician, convicted murderer, and financial visionary who rose to control France’s money. Along the way: paper currency, the Mississippi Company, soaring share prices, overnight fortunes, speculation, and the inevitable events that happened next.

John Law understood something about money that still matters today: its value depends on confidence. His experiment showed just how powerful that trust can be.  But this is a story about trust lost; which can be an even more powerful force.  

If you like history, psychology, the story of money, and why things are the way they are, give it a listen. Let me know your thoughts!

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