[Alarm rings. Noon.] Time to get up. Let me check to wire.
The coinage act of 1972? This looks interesting. Much of what you write is well & good. Quite good.
Some parts are miserable. Like how I feel myself, for example.
"inflation on Treasuries was insignificant during that period" - mclapper333
But all was not well. The United States of America, a name the new country had adopted under the Articles of Confederation,2 was beset with problems. In fact, the 1780s saw widespread economic disruption. The war had disrupted commerce and left the young nation, and many of its citizens, heavily in debt. Furthermore, the paper money issued by the Continental Congress to finance the war was essentially worthless because of the rampant inflation it had caused and many people were bankrupt, even destitute. Add to this the lack of a strong national government and it’s easy to see how the fragile union forged in the fight for independence could easily disintegrate. - A historical document posted at the US Fed in Philadelphia. A biased source no doubt. Clearly at odds w/ your recollection.
Footnote 3: Because of this inflation, the expression “not worth a Continental” became a popular way of saying that something was worthless. The Continental dollar was not redeemable on demand for gold nor silver.
"a more hypocritical and deceptive system of theft has never existed compared to this system" - mclapper333
Mind you, the references I cite are posted by the very institution you write of. Oh course, once establishing the facts, they twist it any which way but loose.
Please search: “not worth a Continental” & the same with “ain't”
Most of what you write, I agree. Don't waste you time disagreeing with me. I prefer resting & sleeping.
"It ain't what you don't know that will hurt you. It is what you know for certain, that just ain't so." - Mark Twain
Regards you ya. Now, where was I?
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
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