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To: Zebra 365 who wrote (10404)4/20/1998 11:44:00 PM
From: slipnsip  Respond to of 27307
 
"With such good sense you might have shorted the Mississippi Company of John Law in 1719, when this paper company was worth the astounding sum of one-fourth all the gold and silver in France"

Lord help us, we are going back to the 17th century for justification on internet prices.....



To: Zebra 365 who wrote (10404)4/21/1998 1:05:00 AM
From: Moominoid  Read Replies (1) | Respond to of 27307
 
Andrew,

With such good sense you might have shorted the Mississippi Company of John Law in 1719, when
this paper company was worth the astounding sum of one-fourth all the gold and silver in France.
This would have been sheer folly as it thereafter rapidly rose %800 to be worth twice all the gold and
silver in France.

But eventually it collapsed... right?

David


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