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America during the resumption of the metallic standard underwent overall growth, but with frequent financial panics in which thousands of people lost everything, went bankrupt, and in quite a few cases starved to death cold and alone in a ditch.

That sounds like a great model /sarcasm!




Statistically, the American economy has not been more stable since the invention of the Federal Reserve. I think George Selgin has a paper on it.


Luckily, there are more things in Heaven and Earth than "Federal Reserve vs Ron Paul".




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