EDMONTON, AB, Apr. 21, 2013/ Troy Media/ – Benjamin Franklin was a famous diplomat, scientist, writer, and Founding Father of the American Republic. He also knew a thing or two about money.
In 1729, at the age of 23, Franklin published a pamphlet in colonial Pennsylvania entitled, “A Modest Inquiry into the Nature and Necessity of a Paper Currency”. In it, he addressed three key monetary questions that are very seldom asked: what is money? Who should be entrusted to create money, and, what, if anything, should backstop money to support its value?
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