Although known for other political philosophies, Founding Father Thomas Paine’s monetary policy gets less attention

Thomas Paine, Champion of Sound Money Between writing his well-known revolutionary liberal tracts Common Sense (1776) and The Rights of Man(1791), Thomas Paine contributed knowledgeably to a 1785-6 debate over money and banking in Pennsylvania. Paine defended the Bank of North America’s charter and its operations in a number of lengthy letters to Philadelphia newspapers during…