To a large degree it goes back to Keynesian economics as opposed to Austrian economics and the gold standard. When we got off the gold standard that in essence meant to many economists and educators that gold wasn't relevant any longer.
I'm thinking that part of history will have to be rewritten in the not too distant future. All fiat money eventually comes to an end.
When we went off the gold standard, well that was the beginning of the end for the dollar. It's taken a while to come to pass, but I believe it finally will. You can't continue to write off your debts forever.
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