Posts Tagged ‘gold standard’

Watch this video if you would want to understand how the ‘gold standard’ was replaced by the U.S. dollar. U.S. dollars are not anymore backed by gold. The U.S. can theoretically print as much dollars it wants which will of course cause inflation by lowering the value of the dollar.

This video I got from youtube is biased towards returning the gold standard. See for yourself if you agree.

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