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Well it seems we won't learn it. It was the cheap credit which lead the the inflated prices of housing in every country now in trouble. The low interest the states had to pay lead to astronomic budget holes. Because money does not cost much. Instead of letting the interest raise, every problem was...
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This is a very crude way to discuss. If you'd read Rothbard you will see he never talks about some fiat-currency but gold ounces and that even those earn their interest. That it's not so with current gold is simply because gold is calculated in whatever fiat-money you can think of. And you do...