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2min chapter
EP 21: War and Gold (with Kwasi Kwarteng)
Library of Mistakes
Wartime Economics and the Use of Paper Currency
This chapter explores the use of paper currency during the Civil War, its impact on the war effort, and the shift back to a gold standard after the war. Parallels are drawn between wartime economic strategy and the response to the COVID-19 pandemic.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode