Monday, December 04, 2000

FEED | Essay: The Money Men
Alan Greenspan is the current king of the world's system of unbacked paper money, and he has been a benign monarch. To realize how grateful we should be for Greenspan's relatively calm and steady hand on the printing press, consider the western world's first king of paper money, a Scottish escaped murderer named John Law who destroyed France's financial system in the early eighteenth century.