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Fiat currency and the central banks were the direct result of the boom-bust cycle.
by OkayPhysicist 3y ago
Fiat currency and the central banks were the direct result of the boom-bust cycle.
- WalterBright 3y agoFiat currency is the result of trying to finance WW1. The propaganda reason was to even out the boom-bust cycle, of course that promise was never fulfilled.
- JetSpiegel 3y agoThe US only left the Gold Standard in the Nixon administration.