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Month: July 2011

Inflation, Money Creation, and the Gold Standard

Posted on July 13, 2011May 4, 2020 by Bill

β€œIn a social order that is entirely founded on the use of money and in which all accounting is done in terms of money, the destruction of the monetary system means nothing less than the destruction of the basis of all exchange.” – Ludwig von Mises, The Theory of Money and Credit, p. 202. In…

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