Last Sunday we ended with the US in the throes of the Great Depression. America was strapped for cash, and Americans were essentially telling the government to “go fish” by redeeming their paper certificates for real gold. The government responded by changing the rules of the game—banning ownership, and jailing anyone who didn’t cough it up. Once the confiscation process was complete, FDR changed the definition of a dollar so the government would only have … read more Newsletter #140—The French Connection