Fiat Money Inflation in France
M. de la Rochefoucauld gave his opinion that "the assignats will draw specie out of the coffers where it is now hoarded.
On the other hand Cazalès and Maury showed that the result could only be disastrous. Never, perhaps, did a political prophecy meet with more exact fulfillment in every line than the terrible picture drawn in one of Cazalès' speeches in this debate. Still the current ran stronger and stronger; Petion made a brilliant oration in favor of the report, and Necker's influence and experience were gradually worn away.
Mingled with the financial argument was a strong political plea. The National Assembly had determined to confiscate the vast real property of the