Irredeemable Currency vs. Gold: The Problem

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Recently, I gave two lectures in Phoenix on this topic.  In the first lecture (links below), I present the problem.  Hint: bankruptcy.

In the second lecture (will be posted online soon), I present my proposed solution.

           Irredeemable Currency Session 1, 1/2
           Irredeemable Currency Session 1, 2/2       

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