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230: The Gold Standard

Classical Stuff You Should Know

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The United States and the Global Dollar

The United States is in this weird system where they have their system. They have the dollar and they have the fact that the world is used the world basically runs on the operating system of the dollar. And so that has meant that the United States can run budget deficits and without inflation because that money is going to be absorbed by the global system. Now we're living through a period of inflation right now and that's kind of a different a different situation. But the United States kind of in the system that we're in now, we've yeah, we've created this this system where everybody uses the United States dollar. It's like the computer operating system that one and it's too much of

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