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To: Farcesensitive; All
Kinda related. Printing more money (modern equivalent) has the same effect as what happened below. A good read:

Faking It: British Counterfeiting During the American Revolution

Excerpt:
"While these activities were effective to a point, the most effective strategy that was tried, and one that very nearly succeeded, was the massive undertaking of counterfeiting Congressional paper currency to the point of making it almost worthless, thus crashing the American economy. No economy, no more war."

"In looking at this strategy three questions must be asked: How were the fake notes produced and circulated? Was it effective in undermining the economy? Finally, was this a sanctioned strategy by the British, one that they knowingly pursued? Looking at the counterfeiting strategy through these questions presents an intriguing, and often overlooked aspect of the American Revolution."

1,261 posted on 07/19/2022 2:29:12 AM PDT by Ymani Cricket (."Fear kills more people than death" ~General George C. Patton)
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To: All

1,262 posted on 07/19/2022 2:33:04 AM PDT by Ymani Cricket (."Fear kills more people than death" ~General George C. Patton)
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To: Ymani Cricket
"...the massive undertaking of counterfeiting Congressional paper currency to the point of making it almost worthless, thus crashing the American economy. No economy, no more war."

Hey, I'm old enough to remember old timers saying "That's not worth a 'Continental.'"

Okay, maybe not that old but I remember hearing the expression.

1,319 posted on 07/19/2022 7:04:02 AM PDT by Oratam (Governments are instituted among Men, deriving their just powers from the consent of the governed...)
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