1utxo on Nostr: The international gold standard worked for several decades during peacetime but was ...
The international gold standard worked for several decades during peacetime but was inherently flawed from the start due to how many claims it enabled to exist on such a small monetary base of actual gold, and it failed its first test as soon as war broke out between major powers in Europe. - Broken Money, (Alden p. 301-302) #goldstandard
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2024-01-28 21:09:36Event JSON
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