  9/6949-h/6949-h.htm fiat money inflation in france. it is packed with high octane redpills. > one man there was who could have withstood the pressure: mirabeau. he was the popular idol,the great orator of the assembly and much more than a great orator,he had carried the nation through some of its worst dangers by a boldness almost godlike; in the various conflicts he had shown not only oratorical boldness, but amazing foresight. as to his real opinion on an irredeemable currency there can be no doubt. it was the opinion which all true statesmen have held, before his time and since,in his own country, in england, in america, in every modern civilized nation. in his letter to cerutti, written in january, 1789, hardly six months before, he had spoken of paper money as "a nursery of tyranny, corruption and delusion; a veritable debauch of authority in delirium." in one of his early speeches in the national assembly he had called such money, when anson covertly suggested its issue, "a loan to an armed robber," and said of it: "that infamous word, paper money, ought to be banished from our language." in his private letters written at this very time, which were revealed at a later period, he showed that he was fully aware of the dangers of inflation. but he yielded to the pressure: partly because he thought it important to sell the government lands rapidly to the people, and so develop speedily a large class of small landholders pledged to stand by the government which gave them their titles; partly, doubtless, from a love of immediate rather than of remote applause; and, generally, in a vague hope that the severe, inexorable laws of finance which had brought heavy punishments upon governments emitting an irredeemable currency in other lands, at other times, might in some way at this time, be warded off from france.
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