“That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay.”
Quote by Benjamin Franklin
Author
Benjamin Franklin
Benjamin Franklin was a prominent figure in American history, serving as one of the Founding Fathers of the United States. He was a statesman, scientist, inventor, and writer, born on January 17, 1706, and died on April 17, 1790. Franklin is renowned for his contributions to electricity, his support for the American colonial independence movement, and his successful diplomatic efforts in France. more
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