The Treasury Standard: Stablecoins, Gold, and the Debt Behind the New Dollar
Americans of a certain age learned that the dollar was once backed by gold. The real history was messier than the classroom version, but the core idea held: behind the paper sat an asset the government could not print. Congress could pass any law it liked, but it could not legislate another million ounces into Read More “The Treasury Standard: Stablecoins, Gold, and the Debt Behind the New Dollar”