Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Macro Musings with David Beckworth
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The History of the California Gold Rush
California never went off the gold standard because in 1860, they didn't really have any banknotes in circulation. The California stayed on a gold coin standard. Although legally, the Union was on a greenback standard. You could have paid your $100 debt with the equivalent of $60 worth of greenbacks, but you probably would have been shot or at least run out of town.
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