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Guest Episode: Mises Institute with Jeff Deist: The Fiat Standard

The Bitcoin Standard Podcast

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The Role of Gold in the World's Reserve Currency

There is no such thing as a pure fiat money in that some guy wakes up and prints up a bunch of papers or creates digital entries. There's always a currency backing. The way the U.S. dollar became the world's reserve currency was precisely because it had accumulated an enormous amount of gold during World War I and WWII.

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