You’ve probably heard the phrase, “not worth a Continental.”
This refers to the devaluing of the Continental dollar by excessive money printing. As more and more Continentals were created and put into circulation, they value of each one dropped. Eventually, the Continental dollar was all but useless.
We haven’t learned this lesson.
For Further Reading
- Today in History: Massachusetts Provincial Congress Defies Parliament - October 5, 2022
- It’s Not “Game Over!” - October 4, 2022
- General Welfare isn’t Supposed to be a Blank Check - September 28, 2022