The 10th Amendment

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Thomas Paine: The Evils of Paper Money

Thomas Paine: The Evils of Paper Money

by Michael Boldin | Nov 22, 2021 | Articles of Confederation, Audio/Video, Federal Reserve, Path to Liberty, Thomas Paine

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 History: The First Central Bank in the United States

Today in History: The First Central Bank in the United States

by Dave Benner | Jan 7, 2019 | Federal Reserve, History, Robert Morris

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...
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