• Gold: The Once and Future Money

    Gold: The Once and Future Money

    For most of the last three millennia, the world’s commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it’s not. It’s one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their...

     467 p itc 08/01/2013 279 2

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