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I've been wondering for some time now why people don't currently use gold, silver, platinum, bananas, or whatever as a medium for exchange instead of dollars, euros, yen, etc. Are there laws in place forcing people to trade in dollars? There are plenty of other things available that could be...
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I would like to see an analysis of the following article in the light of the Austrian school of economics: http://www.zerohedge.com/article/fofoa-golds-focal-point-or-silver-money-too http://fofoa.blogspot.com/2010/12/focal-point-gold.html In particlular about the idea of decoupling the store of value...