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Quote from Benjamin Franklin,


"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."


By:

Benjamin Franklin (more quotes by Benjamin Franklin or books by/about Benjamin Franklin)


(1706-1790) US Founding Father

Source:

Explaining to Bank of England directors his ideas on why the colonies were so prosperous (1763); as quoted in The Money Masters (1995).

Categories:

Banking, Economics, Independence, Money, Prosperity, Self-Determination, Sovereignty, Trade, Wealth

Rating:

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