Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
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Gold Vaults - A Brief History
In 19 71, foreign central banks and governments held 64 billion worth of claims on the ten billion dollars of gold still held by the united states. Nixon secretly gathered a small group of trusted advisers at camp david to devise a plan to avoid the imminent wipe out of us. He announced his intention to order a 90 day frees on all prices and wages throughout the country. The biggest advocate for free floating currency was milton freedman who had been an adviser to george sholtz.
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