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Life In A Sound-Money World
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Authored by John Rubino via Substack,
Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars.
If the markets wanted to go where the governments wanted them to go, then the governments wouldn't need to be involved in the first place.