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> The law is temporary In 1971: "I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets"
by danuker 4y ago
> The law is temporary
In 1971: "I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets"
Still goes on today, 51 years later.
https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock
- klabb3 4y ago“Nothing is so permanent as a temporary government program” – Milton Friedman
- tgv 4y agoThe Netherlands still has a court that can overrule the government, and actually has told it drop to the temporary covid/lock-down laws, because they should be repaced by permanent laws, supported by both chambers or parliament. If the government wouldn't do that, these laws would be voided.