Octavio Sosa

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of the consequences of these, particularly inflation, there is a return to hard money like gold and silver (and sometimes copper and other metals like nickel) or sometimes a link to a hard currency. For example, after the destruction of debt and money in Germany’s Weimar Republic money became backed by gold-denominated assets and land and pegged to the dollar, and after its destruction in Argentina in the late 1980s money became linked to the dollar.
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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