Faith and Freedom
Author:
Murray N. Rothbard
Online Publish Date:
[ Previously unpublished online; Faith and Freedom 1, no. 3 (February 1950). ] When the war of the American Colonies against the British Crown broke out in 1775, the money supply of the Colonies consisted of about ten million dollars in gold and silver coins — “specie.” The taxation was difficult for the newly-formed Continental Congress and its