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14min chapter
Lawrence White on Currencies and Better Money
The Great Antidote
Gold-Backed Currency vs Fiat Currency
This chapter explores the differences between gold-backed currency and fiat currency, discussing topics such as inflation rates, long-term investment, and the impact on the economy. The chapter also considers the uncertainty surrounding inflation, recessions, and bank runs, and ponders the potential of alternative currencies like crypto to reduce such uncertainty.
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