2min chapter

Forward Guidance cover image

Learning From the Most Ruthless Robber Baron (Jay Gould) | Greg Steinmetz

Forward Guidance

CHAPTER

The History of the Bankruptcy

At America's beginning, there was the first central bank, bank of the US. Then there was the era of free banking where there was no central bank. That is pretty much the period in which gold lived pretty much his entire life. Were banking failures common? Did that environment mean that gold and other financiers played by a slightly different playbook than people do now?

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