The Resource Costs of Fiat Money Are Now Higher Than Those of a Gold Standard - Alt-M

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Dec 17, 2019
#Economics #Money

Lawrence H. White

@lawrencehwhite1

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Larry White explains how the lack of an international gold standard has made gold costlier to extract than it would be in the absence of a fiat system.

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Nic Carter @nic__carter · Jul 25, 2021

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Good piece by white pointing out that leaving the gold standard actually caused resource costs of gold extraction to increase