With issuance tightly controlled, card money traded at a premium for a while as the government increased its issuance of Treasury notes to pay for its operations." 16 In the late 1750s, the mounting costs of the war with the British, declining tax revenues, and rampant corruption, led to rapid inflation.
This is not because we think that Canadians will actually experience widespread problems using means of payment other than cash, such as credit and debit cards, over the New Year’s weekend. Not at all.