Market Mayhem EP02: The Wizard of the Mississippi — John Law's Bubble, 1720

A convicted murderer talked the King of France into handing him the keys to the entire economy. He printed money, created a company backed by imaginary gold, and turned Paris into the most frenzied trading floor in history.In this episode of Market Mayhem, we follow John Law — Scottish gambler, duellist, and self-taught monetary genius — from a London prison cell to absolute control of France's finances. He invented paper money, created the Mississippi Company, and promised Louisiana was overflowing with gold. It wasn't. The word "millionaire" was coined in the streets of Paris. Then the currency collapsed, people were crushed to death in bank runs, and Law fled in disguise.This is the original money-printer-goes-brr story. And the lessons haven't expired.

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