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History of the Gold Standard in America
July 1, 2022

History of the Gold Standard in America

To understand the history of US monetary system, we must grasp the role of its central protagonist: gold.

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History of Hard Money: Japan’s Lost Decade
May 9, 2022

History of Hard Money: Japan’s Lost Decade

In the 1990s, Japan’s economy crashed after a frenzy of debt, speculation, and easy money. Japan’s lost decade now stands as a dire warning to modern economists.

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History of Hard Money: The Denarius and the Fall of Rome
May 2, 2022

History of Hard Money: The Denarius and the Fall of Rome

When Matthew wrote his gospel in 85 AD, one pure silver Denarius covered the daily wages of a skilled Roman craftsman. Three hundred years later, the coin had been reduced to a worthless scrap of copper alongside a crumbled empire.

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History of Hard Money: The Mississippi Bubble
May 2, 2022

History of Hard Money: The Mississippi Bubble

If you happened to be walking around Paris from 1715 to 1722, you would have encountered one of the first experiments with centrally planned banking, paper money, and fractional reserves.

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