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The Continental Dollar: How the American Revolution was Financed with Paper Money--Initial Design and Ideal Performance / Farley Grubb.
- Format:
- Book
- Author/Creator:
- Grubb, Farley.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19577.
- NBER working paper series no. w19577
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Continental Dollar
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- The purpose of this paper is to convince the reader that the Continental dollar was a zero-interest bearer bond and not a fiat currency--thereby overturning 230 years of scholarly interpretation; to show that the public and leading Americans knew and acted on this fact, and to illustrate the ideal performance of the Continental dollar as a zero-interest bearer bond. The purpose of establishing the ideal performance is to create a benchmark against which empirical measures of depreciation can be evaluated in future papers.
- Notes:
- Print version record
- October 2013.
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