More than 200 years later, historians are still gleaning some unexpected insights from the French Revolution—not about tyranny or liberty—but rather, inflation.
A faculty member of the UTEP Department of Economics and Finance, Rouanet is an expert in economic history, specializing in revolutionary France, and a Frenchman himself. The study advances a new framework for understanding the monetary phenomenon hyperinflation, a period of rapid and extreme price increases.
At the same time, the strength of the Jacobin party was weakening. From failing insurrections in Paris and the establishment of a new regime known as the Directory, the key drivers of the assignat were on their way out. "My research points to the importance of sound fiscal housekeeping and a strong political commitment to stable prices," Rouanet said."As it occurred during the French Revolution, politicizing the money supply increases the instability of the demand for money and prices, thus making economic life less predictable."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How States Are Accelerating America’s Electric Vehicle RevolutionStates have led America's electric vehicle race for years. Here's how Nevada has pulled ahead of the pack on EV policy.
Read more »
Takeways: Rapids beat New England Revolution as Centennial 38, fans walk out en masseCOMMERCE CITY — On a night with so much angst inside Dick’s Sporting Goods Park from the fans, it was the players who kept their cool.
Read more »
Securing Your Digital Identity Rights in the AI RevolutionImagine if there could be two of you. With the recent developments in generative AI that's become possible very rapidly.
Read more »
The AI Revolution Reaches Healthcare AdministrationAI isn't just for the front lines of healthcare — it's also making an impact in the back office.
Read more »
Elizabeth Olsen Loves This Missha Time Revolution AmpouleImprove the quality of your skin with Elizabeth Olsen's anti-aging pick, the Missha Time Revolution Night Repair Ampoule — save $30
Read more »
The Truth Behind Cuba’s Bitcoin Revolution: VideoBitcoin in Cuba: A glimmer of hope for a nation known for its economic isolation, hardship and censorship.
Read more »