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3min chapter
BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The CPI in the United States in 1971
The United States has had multiple monetary standards in the course of its history. We've actually had two hyperinflationary events on US soil. And what we have here now is we have a new monetary standard. The Bretton Woods Agreement basically pegged the US dollar to gold. As soon as you detach gold from a fiat currency, guess what? Promises start being broken.
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