"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 no one." | Quote by: | |
Source: | Explaining to Bank of England directors his ideas on why the colonies were so prosperous (1763); as quoted in The Money Masters (1995). |
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