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Alan Zemek

Common Currency: Idea age about to replace info-based economy

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There is no such thing as money.

I recently became engaged in an interesting conversation with a conservative friend of mind who insisted, as some do, that the only path of financial salvation for our country was a return to the gold standard, as the only true form of money.

I decided to counter his argument with the most basic principle of banking and finance I could think of: There is no such thing as money.

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