~ Robert Banks Jenkinson, Lord Liverpool, British statesman and Prime Minister (1812-1827), House of Lords speech, May 26, 1818
Jan 23, 2020
Lord Liverpool on fiat money and asset bubbles
The tendency of an inconvertible paper money is to create fictitious wealth, bubbles, which by their bursting, produce inconvenience.
~ Robert Banks Jenkinson, Lord Liverpool, British statesman and Prime Minister (1812-1827), House of Lords speech, May 26, 1818
~ Robert Banks Jenkinson, Lord Liverpool, British statesman and Prime Minister (1812-1827), House of Lords speech, May 26, 1818
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