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

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

FromOdd Lots


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

FromOdd Lots

ratings:
Length:
28 minutes
Released:
Feb 10, 2017
Format:
Podcast episode

Description

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.
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Released:
Feb 10, 2017
Format:
Podcast episode

Titles in the series (100)

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.