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<font color="#002864" size="1" face="Verdana">http://www.mises.org/fullstory.asp?control=1273</font>
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<font face="Verdana" size="2"><font color="#002864" size="5"><strong>Inflation and the American Revolution</strong></font>
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<font size="4">By H.A. Scott Trask</font>
<font size="2">[Posted July 18, 2003]</font>
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<font size="2">The lesson is that only one of many great tragedies of war
is that it must be paid for, and it is often paid in the only way the
political class can get away with: surreptitiously, by stealing it from the
purchasing power of money, often at the additional cost of liberty itself.</font>
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<font size="2">Historian Scott Trask is an adjunct scholar of the Mises
Institute. </font><font size="2">hstrask@highstream.net</font>
<font size="2">Suggested Readings:</font>
<font size="2">Davis Rich Dewey, Financial History of the United States
(New York, 1902)</font>
<font size="2">Murray Rothbard, A History of Money and Banking in the
United States (Mises Institute, 2002).</font>
<font size="2">William Graham Sumner, The Financier and the Finances of
the American Revolution, 2 vols. (1891; repr. New York: Burt Franklin,
1970)</font>
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