Posts Tagged ‘Revolutionary War’

  • Celebrating Economic Independence

    Jul 4, 11 • 165 Views • Demand, Supply, and Markets, Developing Economies, Economic History, Economic Thinkers, Financial Markets, Government, Macroeconomic MeasurementNo Comments

    Alexander Hamilton must have been worried. In 1790, as Secretary of the Treasury, a troubled economy had become his responsibility. He had a huge federal debt to fund, a banking sector that was distressed, and manufacturing to stimulate. Sound familiar?

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    Independence and Printing Money

    Jul 5, 10 • 204 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