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| Name | Difference between Fiat Money and Gold Standard |
| Video Uploader | Video From Federal Reserve Bank of St. Louis |
| Upload Date | This Video Uploaded At 23-10-2014 18:26:45 |
| Video Discription | Critics of the fiat money system say that when more dollars are put into circulation, our currency becomes diluted and the value of each dollar drops. In practice, the fiat system is designed to avoid price volatility. St. Louis Fed economist David Andolfatto explains the gold standard and discusses its pros and cons. yTJYvj3Fj0c |
| Category | Education |
| Tags | Economics | St. Louis | Gold Standard | St. Louis Fed | Federal Reserve Bank Of St. Louis (Business Operation) | banking panics | fiat money |
