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The Gold Standard Ended 50 Years Ago. Federal Debt Has Only Exploded Since

This year marks the 50th anniversary of the end of the Gold Standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies. And yet there were still restrictions on private



This post first appeared on Lawyers And Attorneys In The United States, please read the originial post: here

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The Gold Standard Ended 50 Years Ago. Federal Debt Has Only Exploded Since

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