Few people understand the root cause of the economic troubles we face, but the founding generation knew the situation well. For many, the “evils of paper money” were tyrannical and despotic. Or, as George Washington warned, it would “ruin commerce, oppress the honest, and open a door to every species of fraud and injustice.”

Path to Liberty: June 15, 2022

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Thomas Jefferson to Thomas Cooper (16 Jan 1814)

Thomas Jefferson to John Adams (21 March 1819)

Maharrey – video on inflation

John Adams to Thomas Jefferson (24 Feb 1819)

Destutt de Tracy – A Treatise on Political Economy, Chapter 6 (1817)

Thomas Jefferson to Edward Carrington (27 May 1788)

Thomas Paine: Dissertations on Government (18 Feb 1786)

Episode: Thomas Paine on the Evils of Paper Money

Richard Henry Lee to George Mason (15 May 1787)

Patrick Henry – Virginia Ratifying Convention (9 June 1788)

Archibald Maclaine, North Carolina Ratifying Convention (29 July 1788)

Thomas Jefferson to James Monroe (10 July 1791)

William Grayson to James Madison (22 Mar 1786)

George Washington to Jabez Bowen (9 Jan 1787)

Thomas Paine: Dissertations on Government (18 Feb 1786)

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