Reply To: Shay's rebellion, Say's law and TANSTAAFL?

Home Forums Discuss U.S. History to 1877 Shay's rebellion, Say's law and TANSTAAFL? Reply To: Shay's rebellion, Say's law and TANSTAAFL?

#14996
woods
Participant

I think the situation with Shays’s Rebellion wasn’t so much that they were being paid in worthless paper as it was that they had sold debt instruments to speculators for pennies on the dollar, and now they were being asked to fund those instruments at face value, in specie.