An excellent primer that justifies the need for a gold standard. And yes it would cure future inflation. Nixon’s historic decoupling of gold and the dollar has important ramifications for the current US economy.
How Nixon's closing the gold window (breaking the restraints that gold put on dollar management) has doomed the dollar ever since.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Comments
An excellent primer that justifies the need for a gold standard. And yes it would cure future inflation. Nixon’s historic decoupling of gold and the dollar has important ramifications for the current US economy.
How Nixon's closing the gold window (breaking the restraints that gold put on dollar management) has doomed the dollar ever since.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan