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When Even the Fed Is Confused, We Still Have Some Work To Do - Nathan Lewis - New World Economics

Great article! Will you please do a follow-up article on precisely how a fixed ratio can be maintained---the right way and the wrong ways---and perhaps a third article on the implications for the spending and fiscal policy of the government?

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Beginning of the headline :I sometimes read things like college textbooks because, when the author is presenting basic ideas to a general audience, their most foundational misconceptions are on clear display. Recently, the Federal Reserve put out a brief description of a gold standard system – the policy used, in principle, by the United States from 1789 to 1971, and also by the Federal Reserve itself from its founding in 1913 to 1971. It’s a nice way to understand today’s conventional wisdo... Read More

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