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Bank of North America

Bank of North America, classical liberalism, paper money, specie, Thomas Paine
Economic History, Fiat Money, Money & Politics

Thomas Paine, Advocate of Sound Money and Banking

Larry White/August 30, 2016June 19, 2022

Between writing his well-known revolutionary liberal tracts Common Sense (1776) and The Rights of Man (1791), Thomas Paine contributed knowledgeably to a 1785-6 debate over money and banking in Pennsylvania. Paine defended the Bank of North America’s charter and its operations in a number of lengthy letters…

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