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Tag: Trade Dollar

The International Unit of Account

QUESTION: I only recently learned of your material and am still digesting it. I appreciate that you encourage critical thinking. I hope you find my questions of the...

Why Was the 1933 Confiscation of Gold A “Good Thing”?

QUESTION: Why was the confiscation of gold by FDR in 1933 a good thing? ED ANSWER: What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions...