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Why Governments Burned Money

Summary by Mises Institute
While it is true that colonial era governments sometimes burned paper money after receiving it in the form of taxation, why they burned the money is for reasons other than what MMT advocates are claiming. In the end, the MMT promoters are telling a false history.

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Mises InstituteMises Institute
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Why Governments Burned Money

While it is true that colonial era governments sometimes burned paper money after receiving it in the form of taxation, why they burned the money is for reasons other than what MMT advocates are claiming. In the end, the MMT promoters are telling a false history.

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Bias Distribution

  • 100% of the sources lean Right
100% Right

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Mises Institute broke the news in on Friday, August 1, 2025.
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