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Great discussion Jared. But, oddly enough most of the Presidents who messed with the privately issued money met the same "sticky end". And all episodes were very short lived. The last one, JFK was most notable. I had one of his Silver Certificates once, but I spent it. If I had kept it, it would be worth far over face value as a collector's item. LBJ swiftly took them out of circulation. Note: my most recent missive on these matters: https://medium.com/@daneke/breaking-the-birfurcated-economy-financiers-and-the-crisis-of-public-imagination-fee35d84cc43

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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