Funding the Monster State: FDR, Nixon and the Gold Standard

First published at 17:20 UTC on August 16th, 2019.

On August 15, 1971 Richard Nixon closed what was called the “gold window.” Since then, the purchasing power of fiat money has dropped 80% while gold has gone up from $35 then to the $1500 range today. Michael Boldin talks about what happened and h...

MORE
CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 13+