Colony Quote by Benjamin Franklin
“That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay.”
About This Quote
Source Letter: The Pennsylvania Gazette, 1754
Colonial money is issued to match trade needs, allowing control over purchasing power without interest costs.
In simple terms: Create money to fit trade.
Key Takeaway
Use tailored currency to manage economy.
Themes
economics
currency
trade
self‑sufficiency
Mood
analytical
cautious
Type
historical
economic
When to use this quote
- colonial trade
- government budgeting
- private enterprise
- market regulation
Key Concepts
monetary policy
inflation control
financial autonomy
Questions to Reflect On
- What are risks of self‑issued currency?
- How does supply affect value?
A Different Perspective
Mismanagement can cause inflation or scarcity.
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
