You are viewing a single comment's thread from:

RE: When Gold Was Banned in the U.S.

in LeoFinance2 years ago (edited)

I was just reading about the gold ban and Bretton Woods in chapter 4 of 'The Bitcoin Standard' by Saifedean Ammous. I'm on chapter 5 now, where he talks about money and time preference, and so far it's been quite an interesting read. Being that you are into monetary history, another really good book you might be interested in if you haven't read it already is History of Money and Banking in the United States: The Colonial Era to World War II which I read a couple years ago and found highly informative. It's mind blowing how many times, over and over, the government prints fiat to fund this or that project or military intervention or whatever, and it always ends up in inflation, bank runs, and then inevitably going back to real money.. gold and silver.

Sort:  

I will definitely read those books, @derekrichardson!
We can never really know the whole story. That is why it is so interesting. Only time will tell.
!LOL
!PIZZA

Posted Using LeoFinance Beta

Where do boats go when they're sick?
To the dock

Credit: reddit
@derekrichardson, I sent you an $LOLZ on behalf of @silversaver888

Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(4/6)