You’ve probably heard the phrase, “not worth a Continental.”
This refers to the devaluing of the Continental dollar by excessive money printing. As more and more Continentals were created and put into circulation, they value of each one dropped. Eventually, the Continental dollar was all but useless.
We haven’t learned this lesson.
For Further Reading
How Fed Money Printing Creates Income Inequality
The Fed and No One Else Is Responsible for Inflation
The Founders Predicted our Economic CrisisThe post Not Worth a Continental first appeared on Tenth Amendment Center.
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