(Second Edition, Newly Revised and Enlarged, The Lehrman Institute, 201

(Second Edition, Newly Revised and Enlarged, The Lehrman Institute, 201
Lehrman frames well the intractable issues associated with baseless fiat currencies, a toxic global brew that can lead to only one thing in liberal democracies: ongoing inflation ending in gross economic imbalances. “Because inflation inures to the …
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Global Bond And Currency CEFs: Murder By Macro Or Convexity Panic?
The U.S. dollar has been a complete fiat currency ever since president Richard M. Nixon declared the U.S. would no longer convert gold into dollars, thus abandoning the gold standard altogether. Fiat currencies are debased when governments print …
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