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Source link: http://archive.mises.org/12669/austrian-paper-money-1700-and-following/

Austrian Paper Money: 1700 and Following

May 10, 2010 by

The emperor of Austria was not intentionally a liar. When he said he would issue so much and no more, he meant it. He only did not know that he was releasing a power which he could not curb again. FULL ARTICLE by William Graham Sumner

{ 7 comments }

J Cuttance May 10, 2010 at 7:04 pm

Unfortunately the timeline of many decades that this piece describes exposes itself to the ‘in the long run we’re all dead’ position, just as Obama considers another bout of quantiative easing and European central bankers approach their first

tungsten watches July 24, 2010 at 12:22 am

Agree with the author’s opinion, the feeling of the Austrian idea is Money original ideas, thanks to share this blog, have time to visit my blog http://www.tocoy.net, I hope I can give provide valuable opinions, also hopes to bring you help.

Pavlos of Money Buster July 27, 2010 at 8:39 am

As described in bible you dont need to worry about feeding or living or having the basic to live, just trust in god or universe or whatever spirtual power you believe in, this is so true, actually meditating is a way of faith reinforcement, a reminder that the spirit is still alive in you and can manifest into anything you really want, still cant manifest something that you are not clear about, and of course you cannot make things happen if you try to detail plan the roadmap or have a conflict between your goals. Generally speaking you should walk your thought.
Also what the mind does when we not thinkin? is putting things together, using high consiousness, just by turning off the logic and the self talk we let the universe/god come into our existence and enrich us, this inside light gives power to our thoughts and goals to manifest and strengthens the communicative bound with the higher consousness…

Alekzander July 27, 2010 at 3:20 pm

Thanks! Very helpful post about Austrian Currency !!!
I think that these are very interesting to know facts about history of paper money circulation.

Quick Facts October 29, 2010 at 11:46 pm

You you should change the webpage name Austrian Paper Money: 1700 and Following — Mises Economics Blog to more suited for your content you write. I liked the the writing however.

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Very nice post,Excellent post with some good info

Ronald Ullom October 5, 2011 at 10:21 am

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