#GeorgeWashington once said that paper money has the effect in the economy that it will ever have: to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.

Basically, he was calling out the problems we still see today.

When paper money loses value due to inflation, it can wreck businesses, making it harder for them to plan and grow.

Honest people who save their money in cash see their savings dwindle.

And let’s not even start on the fraud and corruption that can come with poorly regulated financial systems.

Washington was spot on; these issues haven't gone away.

They've just evolved with time.

Happy 4th of July!