The Phaserl


Voltaire Would Certainly Be in his Element

by Tim Price, Sovereign Man:

On All Saint’s Day, 1st November 1755, an earthquake measuring roughly 9 on the Richter scale struck the Portuguese capital, Lisbon. At least 30,000 people are estimated to have perished.

A little over half an hour after the original quake, a tsunami engulfed the lower half of the city.

Those not affected by the quake or the tsunami were then beset by a succession of fires, which burned for five days.

85% of Lisbon’s buildings were destroyed. Ripples from the earthquake were felt far afield. Finland and North Africa felt aftershocks; a smaller tsunami made landfall in Cornwall.

Such destruction had a follow-on impact, in both philosophical and theological terms. In June 1756, the Inquisition responded with an auto-da-fé—a witch-hunt, effectively, for heretics.

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1 comment to Voltaire Would Certainly Be in his Element

  • limacon

    “They know the price of everything and the value of nothing” Voltaire .

    This little monetary adventure is not even an experiment . It has happened before :
    “The Mongol-founded Yuan dynasty (Chinese: 元, 1271–1368) also attempted to use paper currency. Unlike the Song dynasty, they created a unified, national system that was not backed by silver or gold. The currency issued by the Yuan was the world’s first fiat currency, known as Chao. The Yuan government attempted to prohibit all transactions in or possession of silver or gold, which had to be turned over to the government. Inflation in 1260 caused the government to replace the existing paper currency with a new paper currency in 1287, but inflation caused by undisciplined printing remained a problem for the Yuan court until the end of the Dynasty.”

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