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Lewis Lehrman: The Rise and Fall of Real Money (Video)

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Lewis E. Lehrman, author of the new book, Money, Gold, and History, spoke at the Cato Institute last month about the history of central banking and the destruction of the gold standard. Lehrman’s lengthy talk is a great introduction to the rise and fall of real money. His new book includes 40 years of essays on the classical gold standard.

Working people have also discovered that the credit worthy liquid financial class with access to cheap money at the Fed and at the banks has enriched itself not only by bailout subsidies, but by cheap financing derived from its symbiotic dependence on the Federal Reserve System. This [is] a fundamental cause of the rising inequality of wealth in America.”

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