of 23, he killed another man in a duel over a woman. He was sentenced to death and was incarcerated. He was freed on an appeal, and escaped to the Continent. </p>
<p class="MsoNormal">In 1705, Law published a treatise called <em>‘Money and Trade Considered, with a Proposal for Supplying the Nation with Money’</em>. He believed that increasing the money supply could be the source of great wealth for a nation. He further theorized that notes backed by precious metals would increase money supply. To this end, he urged the establishment of a national bank to create credit. </p>
<p class="MsoNormal">The central bank would manufacture money by issuing notes (rather than gold and silver) guar