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That's why we see trillion dollar deficits today. Politicians can spend what they want regardless of the real economic downfalls that eventually have to be dealt with. Nowadays, on a side note, our US debt is fianced by foreign governments such as the Chinese and others.
This means most of debt the US government owns is owed to foreign investers.
The answer to whether having Gold Standard is good or not is based on who you ask. Economists will have one answer, politicians will have another.
The phrase “gold standard” is defined as the use of gold as the standard value for the money of a country...
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Common topics in this essay:
- Gold Standard
- Quest For Gold
- The Gold Cadillac
- Foreign Exchange Market/Gold Standard Summary
- Gold - The Standard and The Investment
- Gold Standard Foreign Exchange Market
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- Green to gold
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