"In 1709 the time for redemption was set at 4 years; in 1710 at 5 years; in 1711 at 6 years; this injured the credit of the bills at the same time that they became redundant. The depreciation now began. The paper was legal tender, it's acceptance being enforced from time to time by more and more stringent enactments." W.G. Sumner, "A History of American Currency" (1874), p. 17.
Fwd to 2023 and CBDC's.
Guerilla_ro2e / ₿irdbear
npub12k…6gp8f
2023-03-23 15:52:56
Author Public Key
npub12ktyf2zf69zcjjnpxradk0n0jdepeuv3pa6eq95tgxq22feem37sn6gp8fPublished at
2023-03-23 15:52:56Event JSON
{
"id": "45312b617beb5736f02b013aba1fc04aad8009d415222093e114d0475598e6f5",
"pubkey": "559644a849d145894a6130fadb3e6f93721cf1910f7590168b4180a52739dc7d",
"created_at": 1679586776,
"kind": 1,
"tags": [],
"content": "\"In 1709 the time for redemption was set at 4 years; in 1710 at 5 years; in 1711 at 6 years; this injured the credit of the bills at the same time that they became redundant. The depreciation now began. The paper was legal tender, it's acceptance being enforced from time to time by more and more stringent enactments.\" W.G. Sumner, \"A History of American Currency\" (1874), p. 17.\n\nFwd to 2023 and CBDC's.",
"sig": "e43a3fc96f62886d2fdc7237b3f5c75adb8c021bd51ddeb4e1c9c4f61adce7df90cbab8d421f65159ecee699024b7262b8008bfe962e49c5db654f35332ade14"
}