
“Refusing to heed his argument the French people had again to be punished”
Footnote - For a short account of the Assignats and Mandats of the French Revolution, see Fiat Money Inflation in France, How it Came, What it Brought, and How it Ended http://books.google.com/books?id=HrpIAAAAYAAJ& by Andrew D. White (New York: D. Appleton & Co. 1896).
p. 171
Seven Great Statesmen in the Warfare of Humanity with Unreason (1915)
Context: Refusing to heed his argument the French people had again to be punished more severely than in John Law's time: the over-issue of assignats and mandats during the Revolution came forty years after his warning; and paper money inflation was again paid for by widespread bankruptcy and ruin.