Benjamin Franklin on the Benjamins

In answer to the Bank of England as to how the colonies proposed the financing of the new republic, Benjamin Franklin replied:

“That is simple. In the colonies we issue our own money. It is called Colonial Script. 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 to no one.”