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A Dark Day in Economic History; Could It Happen Again?

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Yesterday (April 5) was the anniversary of a dark day in US economic history. On April 5, 1933, President Franklin D. Roosevelt issued EO-6102. It was the beginning of the end for the gold standard. Many people refer to EO-6102 as a gold confiscation order. But confiscation is probably not the best word for what […]

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