Revisiting Colonial Massachusetts and Mises’s Taxonomy of Money https://mises.org/mises-wire/revisiting-colonial-massachu… By Joshua Mawhorter > Contrary to what the Modern Monetary Theory advocates and their chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in US monetary history. Instead, it was a monetary bait-and-switch. https://stacker.news/items/1454105