Source: Law & Liberty
by Leonidas Zelmanovitz
“According to [Andrew David] Edwards, differing conceptions of money between Britain and the colonies lay at the heart of the imperial conflict. As he presents it, the main differences rely on the ‘temporary’ nature of colonial money versus the ‘permanent’ nature of imperial money, and the fact that colonial money, in his account, had no link to precious metals. Yet these distinctions, while rhetorically powerful, ultimately collapse under scrutiny. The divergences he identifies appears less substantial than he suggests, though—a point that becomes clearer when one considers the broader economic context. Both sides of the Atlantic were, in practice, grappling with the same fundamental constraint: the scarcity and high cost of precious metals.” (04/28/26)
https://lawliberty.org/book-review/the-monetary-origins-of-the-american-revolution/