Why It's Really Hard to Create a New Currency in a Revolution
Podcast |
Odd Lots
Publisher |
Bloomberg
Media Type |
audio
Categories Via RSS |
Business
Business News
Investing
News
News Commentary
Publication Date |
Feb 10, 2017
Episode Duration |
00:28:03

Creating a new form of money is always tough. Will it hold its value? Will people trust it? Will people use it? All these challenges are even tougher if you're in the middle of a political chaos. On this week's Odd Lots, we speak with Rebecca Spang, a history professor at Indiana University and the author of a book about the monetary history of the French Revolution. Her book examines the disastrous attempt to create a new land-backed currency, the Assignat, in the late 1700s. The discussion sheds light on some fundamental issues that are still relevant today.

See omnystudio.com/listener for privacy information.

Why It’s Really Hard to Create a New Currency in a Revolution

Creating a new form of money is always tough. Will it hold its value? Will people trust it? Will people use it? All these challenges are even tougher if you're in the middle of a political chaos. On this week's Odd Lots, we speak with Rebecca Spang, a history professor at Indiana University and the author of a book about the monetary history of the French Revolution. Her book examines the disastrous attempt to create a new land-backed currency, the Assignat, in the late 1700s. The discussion sheds light on some fundamental issues that are still relevant today.

See omnystudio.com/listener for privacy information.

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