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the Irishman Richard Cantillon, proposed land. France in 1720 had no new world mines, and needed money. It had plenty of land in Mississippi. Law and Cantillon put two and two together. | think they sincerely believed their advice to The Duke D’Orleans, the regent after the death of Louis XIV, that land coul
Page: HOUSE_OVERSIGHT_010935 →the land had made a mint as others crowded in. Market euphoria led to more paper rights than underlying value. You've heard that one before. Law and Cantillon saw the crash coming. It would be called the “Mississippi bubble”. Cantillon sold out just in time. Law preferred to face the music, as I would in th
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