John Law was perhaps the only economist who could actually put his theories into practice. With dubious success; the bubble he created in 18th century France, in part with the help of his Mississippi Company, burst spectacularly. Jürg Müller, Senior Fellow and Head of Research “Infrastructure & Markets” at the think tank Avenir Suisse, is nevertheless fascinated by the mathematical talent and analytical skills of the Scotsman, who notably also succeeded as a gambler and made it into the highest political circles as a convicted murderer.

Jürg Müller explains to host Hannah Wise how John Law turned debt into money and how this principle still shapes the financial world today. As co-author of the book The End of Banking, he has extensively studied the “wiring” of the banking world and developed a proposal on how future crashes could be prevented.