Honore Gabriel Riqueti, Count of Mirabeau, delivers his farewell address to the National Constituent Assembly, of the Republic of France, praising the resounding success of the paper assignat note (a Bill of Credit) as offering better security being tied to the value of real estate, as opposed to being redeemable for gold and silver Coin (lawful Money).
[added 10/16/2021] Thanks to Jim Lorenz for this entry.
Subsequent Events:
References:
Assignats—Fiat Money Inflation in France
oll.libertyfund.org/titles/white-fiat-money-inflation-in-france