In the 70s the US went off of the gold standard after Charles Degaulle started to repatriate his gold back to France, thinking the US did not have the gold rese

In the 70s the US went off of the gold standard after Charles Degaulle started to repatriate his gold back to France, thinking the US did not have the gold reserves to back all their obligations. It was not clear at the time if truly floating the dollar would work at all and severe inflation was a huge systemic risk. In general this is not what I would consider a refusal to print money: https://fred.stlouisfed.org/series/M1REAL https://fred.stlouisfed.org/series/M1REAL