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Following his escape from prison before his hanging, Law traversed Europe for over two decades, living in cities like Amsterdam, Venice, and Budapest. During these years, he immersed himself in the study of banking systems, contemplating methods to optimize currency and finance economies, engaging in discussions about the utility of money, interest, and state-backed alternatives.
His notable proposal was to implement a land-backed currency instead of ones tied to precious metals, arguing that this would stabilize and enhance the economy while allowing for an expanded money supply.