When prices started doubling (see News, p. 329), why didnt the Continental Congress print even more money

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When prices started doubling (see News, p. 329), why didn’t the Continental Congress print even more money so Washington’s army could continue to buy supplies? What brings an end to such “inflation financing”?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 30, 2018 03:26 AM

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When prices started doubling (see News, p. 329), why didnt the Continental Congress print even more money

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The flood of paper money inundated product markets Commodity prices do...View the full answer

The Macro Economy Today

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