Joker on Nostr: There is already precedent for when a government issued equity to the public ...
There is already precedent for when a government issued equity to the public (taxpayers) in lieu of debt. TLDR: It was a failure.
“In 1717, (France) John Law convinced the Government to allow him to form a joint-stock company, the Company of the West. Holders of sovereign bonds were invited to swap their debt claims on the crown for equity shares in the Company of the West. Instead of government debt, savvy investors could henceforth enjoy a type of government equity.”
Exerp from "Money The Unauthorized Biography" By Felix Martin (Page#66)
Don't Even Think About It!, Joker
Published at
2024-05-30 13:46:46Event JSON
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"content": "There is already precedent for when a government issued equity to the public (taxpayers) in lieu of debt. TLDR: It was a failure.\n\n“In 1717, (France) John Law convinced the Government to allow him to form a joint-stock company, the Company of the West. Holders of sovereign bonds were invited to swap their debt claims on the crown for equity shares in the Company of the West. Instead of government debt, savvy investors could henceforth enjoy a type of government equity.”\n\nExerp from \"Money The Unauthorized Biography\" By Felix Martin (Page#66)\n\nDon't Even Think About It!, Joker\n\nhttps://image.nostr.build/e4bcbe311e1b50c373380f16c8d9220ba62f1cfc982801abfbd9f1e87ef1a3d2.png",
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