Fiat money gold and silver coins from France. Eventually, the Governor of New France acknowledged their useful role as a circulating medium of exchange. As the finances of the French government deteriorated because of European wars, it reduced its financial support for its colonies, so the colonial authorities in Canada relied more and more on card money. By 1757, the government had discontinued all payments in coin and payments were made in paper instead. In an application of Gresham’s Law – bad money drives out good – people hoarded gold and silver, and used paper money instead. The costs of the war
Good Calories, Bad Calories assertions. The human body secretes insulin in response to the consumption of carbohydrates in order to regulate blood sugar. This process, in turn, drives the body to store fat. Taubes elaborates by examining evidence of the effects of carbohydrates on tribes with a "traditional" diet high in meat or fat and low in carbohydrates. He finds that the introduction of refined carbohydrates in the diets in these cultures resulted in increased prominence of diseases of civilization like obesity and heart disease. Reviews were mixed for "Good Calories, Bad Calories". Physician Tony Miksanek, writing in the "Chicago Sun-Times", calls the book