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At the time of the founding of the United States, the money controversy was, for many, a very important issue. Several of the
colonies had groused under the thumb of the king in the matter of issuing paper money. By reason of the Currency Act of 1764 and
otherwise, the colonies were restricted as to how much could be issued. Thus, upon declaring their independence, these colonies — now states — and the Continental Congress proceeded apace to issue paper money and, of course, engendered a hyperinflation. [Actually, the British in the Revolutionary War era were massively conunterfeiting the Colonial Currencies to cause this as well, it was a war financial terrorism attack, something little known...Reagan did it to the Russian ruble in the late 1980s by the way. Even Lenin said destroy their currency valuation and you will help usher in the totalitarin states and wealth consoliation they wanted in the state.]
this last sentence says more than I want to hear - the US dollar has been declining by a penny every three weeks...
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