Comment: The Greenbacks would only be a blessing to a mercantilist

(See in situ)

In reply to comment: Lincoln (see in situ)

The Greenbacks would only be a blessing to a mercantilist

What do you think a government would spend money on that they had the unbridled power to print? You think that they would not just give it to their campaign donors and constituents until there was either no competition left in the market or the currency was absolutely worthless? Where do you think that value comes from?? From the government telling the people that something has value? Where do you think currency comes from? Who do you think is capable of deciding just how much currency is needed to satisfy the needs of the consumer and the government?

<