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Brian Domitrovic: Inflation, Omen Of Creative Destruction
Roughly for most of history, the world's money has been on some sort of precious-metal standard. Gold and silver coins or currency or credit instruments redeemable in gold or silver–this accounts for the lion's share of world monetary history, call it 5,000 years. There were exceptions and flouters in many instances, etc., but the rule
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Posted: January 14, 2022 Friday 10:49 PM