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What is the difference between a Fed raising interest rates while on a gold standard or off? The question came to mind while I was reading Global Capitalism, which stated that "In 1931 The Fed responded to the financial crises in classic gold standard fashion, raising interest rates from 1.5 to...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...