goldbacked

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    U.S. Founding Fathers & Early U.S. History: . Fiat Currency versus Gold-backed

    Currency? . [SEE BELOW]? As I understand it, a majority of modern academic economists argue that it is better for a country to use a fiat currency [not backed by gold/silver] than to use a currency backed by gold/silver, primarily because, properly managed, a fiat currency can produce a...
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