42. The Fiat Standard, Chapters 4-7
The Bitcoin Standard Podcast
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The Importance of Monetary Nationalism in the 20th Century
Up until 1914, a lot of the world had moved on to the international gold standard. Once we went off the gold standard in 1914, countries that had not gotten the gold standard before have been hobbled by it. We've never been able to trade freely with the rest of the world and therefore not quite be able to import as much technology as they would have. Trade became something that was almost a matter of national security.
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