For most of the 182 years between 1789 and 1971, the United States embraced the principle of a dollar linked to gold — at first, at $20.67/oz., and then, after 1933, $35/oz. Nearly every economist ...
I’ve been discussing recently the idea of different kinds of gold standard systems. There are a lot of different options as to how you set up and operate these things. They all have the same goal: to ...
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