“The cover made national news and doubled Rolling Stone sales immediately. The issue sold out, and Wenner had to print another 20,000 copies.”
♫
Said on Under the Influence with Terry O'Reilly
“They create a new financial instrument… called the assignat… promises to pay and they're interest bearing… At this point, I think it's 5% annual”
The Story of Money · Why the French Revolution was a financial revolution - Part 1
Play from 31:30
31:30
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Issued short-term debt called "assignats" backed by the future sale of nationalized church lands
5% annual interest
Said nearby on the same subject
“…there's actually one enormous source of wealth within France… the Catholic Church… what if we could nationalize those properties?”
♫
Said on The Story of Money
“They create a bizarre hybrid, the Assignat-Monnaie… the Assignat can circulate as money… it's still interest-bearing but good in any transaction”
♫
Said on The Story of Money
“I signed up for a farmer's market because my grandparents were running a farmer's market at their church, and it was $50 to get a booth.”
WR
Whitney Rowell
Unit Economics ·
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