20 sats \ 3 replies \ @Coinsreporter 15 May \ on: Continental Dollars (1775) lol
Suppose your paycheck arrives and you think you have all the bases covered but suddenly your currency depreciates to a level which makes you feel that it was nothing more than a few bucks. You can only hardly buy food for your family, but to worsen your plight government raises taxes in order to compete inflation but in reality to fund a war.
Wtf!
reply
Almost immediately after their issuance, Continental dollars began to depreciate rapidly.
A little bit of both. ā”