Posts Tagged ‘national credit’

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    Independence and Printing Money

    Jul 5, 10 • 111 Views • Government, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    Having just celebrated July 4th, I’ve been thinking about 1776, the American Revolution, and money. At the time, money frequently determined who won and lost wars. When countries ran out of money, they had to stop fighting. Great Britain had sufficient...