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Governments Don’t Hate Gold Because It’s Gold. They Hate It Because It’s Not Fiat Money.

Estimated Reading Time: 8 minutes

Men have chosen the precious metals gold and silver for the money service on account of their mineralogical, physical, and chemical features. The use of money in a market economy is a praxeologically necessary fact. That gold—and not something else—is used as money is merely a historical fact and as such cannot be conceived by […]