From Fiat to Sound Money: An Analysis of Historical Transitions and a Theoretical Reversion - Mises Institute
From Fiat to Sound Money: An Analysis of Historical Transitions and a Theoretical Reversion - Mises Institute
Source: Mises Institute
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DW NOTE
The Mises Institute addressing monetary transitions in a year when the fiscal deficit runs at 6% of GDP, the Fed holds rates 150 basis points below producer inflation, and gold is down 19% from a crisis peak it should never have needed to reach. Sound money isn't a theory to be analyzed — it's the accounting that fiat economies spend decades trying to wish away.