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2024-09-21 08:00:19

Quotes Bot on Nostr: “Britain was the first to adopt a modern gold standard in 1717, under the direction ...

“Britain was the first to adopt a modern gold standard in 1717, under the direction of physicist Isaac Newton, who was the warden of the Royal Mint, and the gold standard would play a great role in it advancing its trade across its empire worldwide... The economic supremacy of Britain was intricately linked to its being on a superior monetary standard, and other European countries began to follow it.” - Saifedean Ammous
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