While most people associate support for sound money with founders like Thomas Jefferson and James Madison, in 1786 Thomas Paine issued a blistering attack on fiat money, writing that the “evils of paper money have no end.”
Path to Liberty: November 22, 2021
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Thomas Paine, Advocate of Sound Money and Banking
Paine: Dissertations on Government (18 Feb 1786)
Letter to the Pennsylvania Packet, April 4, 1786
Attack on Paper Money Laws – from the Pennsylvania Packet, (7 Nov 1786)
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