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J. C. Lyons
J. C. Lyons Articles
Money, Debt & Gold
By
J. C. Lyons
-
September 17, 1999
Money & Debt What is Money? Today's money is debt, If there is no debt, There is no money, In order to increase the money supply, There must be an increase in debt.
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The 1849 Gold Rush sped up California's admission to the Union as the 31st state in that year.