It is well known that the Continental, colonial script issued by congress, failed, it is less well known that the currency was undermined by British counterfeiters. It is also overlooked that the colonies successfully used colonial script (fiat money) togetehr with European money to boost teh money supply, promote economic activity, and reduce the tax burden. The Good Old Days of Gold and Silver

Related Articles

Tagged with:

Filed under: Fiat

Like this post? Subscribe to my RSS feed and get loads more!