On the record
That it carries the gold and silver out of the province, and so ruins the country; as experience has shewn, in every colony where it has been practised in any great degree.
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gutenberg.orgBenjamin Franklin: “That it carries the gold and silver out of the province, and so ruins the country; as experience has shewn, in every…”
Editor's note · Context
Franklin warns about the dangers of excessive paper money leading to economic ruin.
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More from Benjamin Franklin
An ancient sage valued himself upon this, that though he could not fiddle, he knew how to make a great city of a little one.
You are a member of that parliament, and have formed part of that majority, which has condemned my native country to destruction.
That it would be treating them as a conquered people, and not as true British subjects.
I have seen generations born, flourish, and expire.
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