Thus, if carrying out all the gold and silver ruins a country, every colony was ruined before it made paper-money.--But, far from being ruined by it, the colonies that have made use of paper-money have been, and are all, in a thriving condition.
Benjamin Franklin: “Thus, if carrying out all the gold and silver ruins a country, every colony was ruined before it made paper-money.--But…”
Editor's note · Context
Franklin argues that despite the risks, colonies using paper money have thrived economically.
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