Footnote - For a short account of the Assignats and Mandats of the French Revolution, see Fiat Money Inflation in France, How it Came, What it Brought, and How it Ended by Andrew D. White (New York: D. Appleton & Co. 1896).
• p. 171
• p. 171
“
Refusing to heed his argument the French people had again to be punished more severely than in John Law's time: the over-issue of assignats and mandats during the Revolution came forty years after his warning; and paper money inflation was again paid for by widespread bankruptcy and ruin.
— Andrew Dickson White
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Refusing to heed his argument the French people had again to be punished more severely than in John Law's time: the over-issue of assignats and mandats during the Revolution came forty years after his warning; and paper money inflation was again paid for by widespread bankruptcy and ruin." in the context of "Footnote - For a short account of the Assignats and Mandats of the French Revolution, see Fiat Money Inflation in France, How it Came, What it Brought, and How it Ended by Andrew D. White (New York: D. Appleton & Co. 1896).
• p. 171" to mean that wisdom is timeless.
Source: Wikiquote: "Andrew Dickson White" (Quotes, Seven Great Statesmen in the Warfare of Humanity with Unreason (1915): Seven Great Statesmen in the Warfare of Humanity with Unreason)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Andrew Dickson White
Andrew Dickson White (November 7, 1832 – November 4, 1918) was an American diplomat, author, and educator who was the co-founder and first president of Cornell University.
About Andrew Dickson White
Andrew Dickson White (November 7, 1832 – November 4, 1918) was an American diplomat, author, and educator who was the co-founder and first president of Cornell University.
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