What Causes the Economy to Crash?

Economic crashes begin with artificially low interest rates and credit expansion which lead to a misallocation of resources, inevitably culminating in a recession.

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What Backs the United States Dollar?

Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government’s ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.

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Semiconductors, Medicine, and Telescopes: Industrial Uses of Gold

We are all familiar with gold’s visual beauty, which made it the precious metal of kings and emperors for thousands of years. Today, this illustrious yellow metal is no longer reserved for royalty. You rely on gold every day, as does anyone who takes advantage of modern electronics, dentistry, medicine, and…space travel?

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