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Peer reviewedWood, William C. – Journal of Economic Education, 1994
Maintains that, although U.S. currency today is pure fiat money and not backed by gold or any other precious metal, students frequently ask, "But what about the gold at Fort Knox?" Describes what is really located at Fort Knox, why it is there, its implications for public policy. (CFR)
Descriptors: Capitalism, Economic Factors, Economics, Economics Education
