How Nixon and FDR Used "Crises" to Destroy the Dollar's Links to Gold

How Nixon and FDR Used “Crises” to Destroy the Dollar’s Links to Gold

Tags: Money and Banks

08/26/2021 Jonathan Newman

In 1971, Nixon used a fiscal crisis to justify severing the dollar’s last connection to gold. It was the same old story: “we must vastly expand government power because of a ‘crisis.’” The government never gives up these new powers.

Original Article: “How Nixon and FDR Used “Crises” to Destroy the Dollar’s Links to Gold“

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