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by creshal
3907 days ago
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Even with a gold standard, you're usually not using gold coins directly (if only because it's hard to make coins for smaller denominations with it), but rather bank notes that are guaranteed to be redeemable for gold (as long as you don't try it out). cf. https://en.wikipedia.org/wiki/Gresham's_law |
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I don't see why you think that the link is relevant. It would apply if there were gold and silver standards simultaneously, for example, but that's not what is being discussed.