Commander-in-Chief George Washington, of the Continental Army, writes to one of his former aides-de-camp Lieutenant Colonel John Laurens: “Experience has demonstrated the impracticability long to maintain a paper credit without funds for its redemption.”
[added 11/17/2024]
Subsequent Events:
References:
The Federal Reserve and you
endthefednc.wordpress.com/
Current U.s. National Debt:
