On August 15th, 1971, President Nixon announced before the nation… I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets. It’s easy to attack Nixon for ending the gold standard considering what’s happened to the middle class
Should Nixon Have Ended the Gold Standard?
Should Nixon Have Ended the Gold Standard?
Should Nixon Have Ended the Gold Standard?
On August 15th, 1971, President Nixon announced before the nation… I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets. It’s easy to attack Nixon for ending the gold standard considering what’s happened to the middle class