Thomas Jefferson’s Warnings and Predictions about the Dangers of Money-Printing
Thomas Jefferson’s chilling warnings about unchecked fiat, paper money proved prophetic as the U.S. plunged into its first boom-bust economic crisis in the early 19th century. In an 1814 letter to Thomas Cooper, Jefferson wrote, “Every thing predicted by the...
Central Bank Digital Currency: Paper Money isn’t the Solution
Physical paper money solves some of the privacy and security issues inherent in central bank digital currencies (CBDCs). But a lot of people seem to have forgotten that government-issued paper fiat is the parent of a CBDC, and it won’t solve the more fundamental...
The Founders Predicted our Economic Crisis
Did Thomas Jefferson call the economic crisis? “Every thing predicted by the enemies of banks, in the beginning, is now coming to pass. we are to be ruined now by the deluge of bank paper as we were formerly by the old Continental paper.” That’s from a letter to...