American Institute for Economic Research, August 13, 2021 Nixon’s Gold Treachery Made Me a Cynic James Bovard Fifty years ago, on August 15, 1971, President Richard Nixon announced that the U.S. government would cease honoring its pledge to pay gold to redeem the dollars held by foreign central banks. Nixon declared he was taking “action […]
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Thanks very much, Ron! Ping pong balls can provi
Ron Redrift
'[T]he American Federation of Government Empl