The Death of the Gold Standard

Alex gladstein sums up lynn alden's essay on the death of gold standard. Lynne notes that even though gold's critics call it a barbarous relic, that it had to be confiscated and pushed out of use by the threat of imprisonment. The fiot petro dollar standard is only four times older than bick coin and only two times older than the first internet browser. As cash loses its store of value properties, people begin to use other things as stores of value. We plough a percentage of each pay check into broad equity, indi ses, without analyzing companies or doing any sort of due diligence,. treating that basket of stocks as simply a better store

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