Uploaded July 2026 | Updated September 2026, 3 hours ago
The colonies understood something Wall Street wants you to forget - money isn't scarce gold, it's a tax credit.
Before the US Constitution, state governments issued their own currencies to finance local development when British gold wasn't flowing. This wasn't just economic policy. It became the democratic foundation of those communities - town halls debating what to build and who to tax, arguing about creation and destruction rather than borrowing and lending.
Rohan Grey walks through how colonial tax credits worked and why this history matters for understanding monetary sovereignty today.
Link to full throwback ep in comment 👇
#short
The colonies understood something Wall Street wants you to forget - money isn't scarce gold, it's a tax credit.
Before the US Constitution, state governments issued their own currencies to finance local development when British gold wasn't flowing. This wasn't just economic policy. It became the democratic foundation of those communities - town halls debating what to build and who to tax, arguing about creation and destruction rather than borrowing and lending.
Rohan Grey walks through how colonial tax credits worked and why this history matters for understanding monetary sovereignty today.
Link to full throwback ep in comment 👇
#short
