The “Evils of Paper Money” Have No End: The Founders Warned us Why

The Founding Fathers were deeply worried about the dangers of paper money, because they lived them first hand. On this episode, learn 4 key ways the founders warned us about the dangers of paper money – dangers we’re still living through today!

Path to Liberty: July 22, 2024

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Thomas Jefferson – Letter to Edward Carrington (27 May 1788)

Thomas Paine – Dissertations on Government: The Affairs of the Bank, and Paper Money

Benjamin Rush – Letter to John Adams (23 June 1781)

Richard Henry Lee – Letter to George Mason (15 May 1787)

CAUSE OF PRICE INFLATION

Benjamin Franklin – Of the Paper Money of America (1780)

Samuel Adams – Letter to John Winthrop (6 Feb 1779)

Gouverneur Morris – Letter to George Washington (11 Jan 1796)

William Fleming – Letter to Thomas Jefferson (22 May 1779)

Thomas Jefferson – Additional Queries, with Jefferson’s Answers (Jan-Feb 1786)

EMPOWERS GOVERNMENT

Thomas Paine – Letter to George Washington

Charles Carroll – Letter to Benjamin Franklin (12 Aug 1777)

HIDDEN TAX

George Washington – Letter to Gouverneur Morris (26 Oct 1778)

FACILITATES EVERY SPECIES OF FRAUD AND INJUSTICE

Thomas Jefferson – Plan for Reducing the Circulating Medium (23 Nov 1819)

Thomas Jefferson – Letter to Albert Gallatin (26 Dec 1820)

George Washington – Letter to Jabez Bowen (9 Jan 1787)

John Adams – Letter to Thomas Jefferson (24 Feb 1819)

Thomas Jefferson – Letter to John Adams (21 Mar 1819)

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Tags: Benjamin Franklin, Founders, Founding Principles, Money, Paper Money, Sound Money, thomas jefferson, Thomas Paine, Warnings

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Michael Boldin

Michael Boldin [send him email] is the founder of the Tenth Amendment Center. He was raised in Milwaukee, WI, and currently resides in Los Angeles, CA. Follow him on twitter - @michaelboldin and Facebook.

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