“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
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...
Today in 1782, the Bank of North America opened. The brainchild of financier Robert Morris, it was the first central bank in the United States. By 1782, the financial situation in the states was catastrophic. During the War of Independence, Congress had issued paper...
