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....
Paper Money: The Founders Warned Us!
“The evils of paper money have no end” That’s how Thomas Paine put it, but he was far from alone. The Founding Fathers were deeply worried about the dangers of paper money, because they lived them first hand. They repeatedly warned us about how it would give us price...