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Gold was not selected arbitrarily by governments to be the monetary standard

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From the Archives : Originally published September 21st, 2012
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"Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium...I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate."



Murray N. Rothbard

 

 

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