Farley Grubb's recent article in the Financial History Review contains econometric results designed to support his theoretical propositions concerning the paper money of the American colonies. This comment demonstrates that some of his results are spurious and the rest are based on using incorrect testing procedures and incorrect critical values of test statistics.

中文翻译：

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重新审视关于 1755-1774 年弗吉尼亚殖民地纸币的经验证据：对 Grubb 的评论

Farley Grubb 最近在财务历史回顾包含旨在支持他关于美洲殖民地纸币的理论命题的计量经济学结果。该评论表明他的一些结果是虚假的，其余的是基于使用不正确的测试程序和不正确的测试统计临界值。