What FDR Did to Our Money
For more than 125 years, the United States had a gold-coin, silver-coin monetary system. No, it was not a paper-money system backed by gold, as so many mainstream commentators have been taught to believe. It was a system in which gold coins and silver coins were the...
Thomas Paine’s Forgotten Paper Money Takedown
“Money is Money, and Paper is Paper. All the invention of man cannot make them otherwise.” With those words, Thomas Paine went after what he saw as one of the greatest scams in history: governments claiming that paper is money. Through a series of...
John Taylor’s Forgotten Assault on Hamilton’s Economic Scheme
In 1794, John Taylor of Caroline published a devastating critique of Alexander Hamilton’s financial system: the national bank, paper money, and debt. Taylor saw these for what they really were: not mere policy disagreements, but a war on the Constitution itself....