Richard Duncan and Macro Economics
Money Tree Investing
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The Us. Trade Deficit by 1990
In the early 19 eighties, they discovered that the united states didn't have to pay for its foreign goods with gold any more. The fed could create trillions of new er dollars to help finance those budget deficits at low rates. So this completely changed the game when dollars ceased to be backed by gold and our economic system started working in an entirely different way. It has made hundreds of millions of people around the world out of poverty, but as also made the us. Economy hotter than ever.
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