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Tenth Amendment Center: Funding the Monster State: FDR, Nixon vs the Gold Standard

...from Tenth Amendment Center
On August 15, 1971 Richard Nixon closed what was called the “gold window.” Since then, the purchasing power of fiat money has dropped 80% while gold has gone up from $35 then to the $1500 range today. Michael Boldin talks about what happened and how this has helped prop up the largest government in history […]

August 16, 2019 at 12:10PM

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