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William Luther and Alexander William Salter: Lessons for Today From the Gold Standard
Though a return to the old system isn’t likely, the Fed’s management of the fiat dollar has been worse. President Richard Nixon ended the redeemability of dollars for gold and ushered in the fiat money era on Aug. 15, 1971. Many economists look back on the occasion with delight, agreeing with John Maynard Keynes that the gold standard was
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Posted: August 2, 2021 Monday 06:23 PM