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>> JAMIE DIMON Latest News

FEB 26, 2014 - TheStreet

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Waking From the Bitcoin Dream

NEW YORK (TheStreet) -- There was always something utopian about bitcoin, the idea that you could have money without government. It attracted libertarians like an Ayn Rand seminar, a Ron Paul speech and a Rand Paul bumper sticker rolled into one. The U.S. had nongovernment money for almost 80 years. From the fall of the Second Bank of the United States under Andrew Jackson in 1836, to the rise of the Federal Reserve under Woodrow Wilson 100 years ago, money in the U.S. was backed exclusively by gold. When the government ran out of gold, as it did in 1895, it had to go to the market just ... Read More

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