Funny you suggest this as a nightmare scenario, since the US government did that with gold, while debasing the currency by 40%: https://www.history.com/this-da

Funny you suggest this as a nightmare scenario, since the US government did that with gold, while debasing the currency by 40%: https://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard https://www.history.com/this-day-in-history/fdr-takes-united...