2 ms·
Dumping the gold standard was one of the best moves nixon made. The gold standard was directly responsible for untold economic suffering in the country.
by HDThoreaun 1y ago
Dumping the gold standard was one of the best moves nixon made. The gold standard was directly responsible for untold economic suffering in the country.
- franktankbank 1y ago[flagged]
- HDThoreaun 1y agoSecond worst economic period in US history directly caused by the lack of fiat currency. https://en.wikipedia.org/wiki/Long_Depression https://en.wikipedia.org/wiki/Long_Depression Worst economic period in US history directly caused by the lack of fiat currency. https://en.wikipedia.org/wiki/Great_Depression https://en.wikipedia.org/wiki/Great_Depression Fiat currency is just below electricity and insulin as the greatest inventions of the recent centuries.