This book is a detailed examination of the French Revolution's experiment with fiat money, specifically the assignats and mandats. It explores how the French government resorted to printing paper money to solve its financial problems, leading to rampant inflation, economic turmoil, and social unrest. White meticulously documents the series of events, decisions, and consequences, drawing parallels to other historical episodes of monetary mismanagement. The book serves as a warning against the dangers of abandoning sound monetary principles.