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11min chapter
250. Fiat Architecture and Time Preference
The Bitcoin Standard Podcast
The Evolution of Money: From Gold to Fiat
This chapter examines the historical shift from hard money standards, such as gold and silver, to fiat currencies, focusing on key events like the Federal Reserve Act and the abandonment of the gold standard. It highlights the implications of these changes for economic stability, savings, and long-term planning, while emphasizing the enduring value of gold as a stable form of currency.
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