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The Continental Bait-and-Switch
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
Original article: https://mises.org/mises-wire/continental-bait-and-switch
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By Mises Institute
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The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
Original article: https://mises.org/mises-wire/continental-bait-and-switch
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