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The Dangers of Money Printing: Thomas Jefferson and the Financial Panic of 1819

By Donna Hancock

The Dangers of Money Printing: Thomas Jefferson and the Financial Panic of 1819

The Dangers of Money Printing: Thomas Jefferson and the Financial Panic of 1819

To steal a phrase from Thomas Jefferson, the Federal Reserve and the U.S. government have buried us under a "deluge of paper money."

We deal with the consequences of this monetary malfeasance every time we go to the grocery store or the gas station. Our rapidly deprecating money buys less and less every single day.

Central bankers and politicos claim to be fighting this inflationary monster, but the ugly truth is that inflation is by design. The political class is destroying your money as a matter of policy.

This is nothing new. Government people have been ruining our money for their gain since the Republic's earliest days. Sadly, most people don't realize what's happening. They believe price inflation is due to greedy corporations, Putin's price hikes, or voodoo.

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