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发帖数: 901 | 1 This week marks the paper dollar's 150th birthday. In 1861, the U.S.
government introduced paper notes (the first "greenbacks") to help finance
the Civil War.
We'd argue the dollar died shortly thereafter… in 1933. After the Great
Depression, the economy was facing severe deflation. The easiest way out of
deflation is printing money. So Congress and President Roosevelt suspended
the gold standard, banned private ownership of gold bullion, and printed
away. |
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