Nixon was forced to take the US fully off the gold standard since Charles De Gaulle was exchanging his treasuries for gold, exposing that the US could not keep

Nixon was forced to take the US fully off the gold standard since Charles De Gaulle was exchanging his treasuries for gold, exposing that the US could not keep it's dollar pegged to gold at the current price. This lead to significant inflation as the dollar floated against other currencies. It is no stretch to say that there has been a new paradigm that started in the late 60s as the Vietnam war extracted a heavy monetary toll. https://fred.stlouisfed.org/series/AMBNS https://fred.stlouisfed.org/series/AMBNS The current monetary system is only a few decades old.