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An attempt by the Mongols to introduce paper money in Persia in the twelfth and thirteenth centuries flopped because no one would accept it. The public had no confidence in the paper money despite the awesomely coercive decrees that always marked Mongol rule.
Murray Rothbard
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"An attempt by the Mongols to introduce paper money in Persia in the twelfth and thirteenth centuries flopped because no one would accept it. The public had no confidence in the paper money despite the awesomely coercive decrees that always marked Mongol rule."
— Murray Rothbard #moneywealth

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An attempt by the Mongols to introduce paper money in Persia in the twelfth and thirteenth cen…

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An attempt by the Mongols to introduce paper money in Persia in the twelfth and thirteenth centuries flopped because no one would accept it. The public had no confidence in the paper money despite the awesomely coercive decrees that always marked Mongol rule. — Murray Rothbard

About Murray Rothbard

Murray Rothbard was a Economist from United States (1926–1995).

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Who said "An attempt by the Mongols to introduce paper money in Persia in the twelfth and…"?
This quote is attributed to Murray Rothbard, a Economist from United States.
When did Murray Rothbard live?
Murray Rothbard lived from 1926 – 1995.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.