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
How Fed Money Printing Creates Income Inequality
The Fed and No One Else Is Responsible for Inflation
The Founders Predicted our Economic Crisis
Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center. He is from the original home of the Principles of '98 - Kentucky and currently resides in northern Florida. See his blog archive here and his article archive here.He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty., and Constitution Owner's Manual. You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE
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