Before studying real economics and monetary policy (and central banking/federal reserve) I had never heard this quote. Now I’ve heard it dozens of times from multiple sources. I love it and I wish more people were exposed to these kinds of quotes.
“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.” —Benjamin Franklin
Yes, it was a wierd little footnote in history that I had never heard before either. That colonial money was a very potent threat to the throne, and unless one understands the nature of what money is, it’s impossible to understand how threatening such a policy was. But George knew!