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Tag Archives: spending
(Un)happy Birthday, Fiat Money
by Jordi Franch Forty years ago today, on the morning of Sunday, August 15, 1971, the US president, Richard Nixon, declared the inconvertibility of the dollar into gold.[1] The 20,000 tons of the yellow metal deposited in Fort Knox in 1944 … Continue reading
Posted in economy, Phylosophy of Liberty
Tagged Austrian School, bretton woods, central banks, economy, fiat money, gold standard, jordi franch, Mises Institute, spending
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