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A comment on Naked shorting: The curious incident of the shares that didn't exist (2005). Parent comment

Re:Naked shorting: The curious incident of the shares that d... by erichocean on Sunday January 31, 2021 @08:05PM (#25984412)
> The gold window was closed because gold was garbage money.

The gold windows was closed because the French decided to redeem their dollars for gold, and due to the rampant debasement of dollars, there wasn't enough gold available to do so.

Source: history.

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Re:Naked shorting: The curious incident of the shares that d... by arcticbull on Sunday January 31, 2021 @08:14PM (#25984469)
Sure and so it was garbage money; good money never had this problem yeah?
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Re:Naked shorting: The curious incident of the shares that d... by jkhdigital on Sunday January 31, 2021 @09:19PM (#25984868)
Mises had a few things to say on the subject of what makes money “good” or “bad”. You might learn something if you read The Theory of Money and Credit.
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