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"The world economic order runs on fiat money, specifically the American dollar."
In the debate of Austrians vs. Keynesians what would happen if the world moves towards a "united future world currency" as Medvedev proposed today?
http://tinyurl.com/mmm8ta
Commented Jul 10, 2009 on Austrians vs Keynesians: The Scoreboard at The Skeptical Optimist
Austrians vs Keynesians: The Scoreboard
[After submitting this to a discussion group as my synopsis of the difference between those two schools of thought on monetary theory and policy, I decided to tweak it a little and post it here. If nothing else, it might clarify my stance on a few key issues for newer visitors to this blog.] ...
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