In his 1971 speech ending the gold standard, Richard Nixon promised to stabilize the dollar, but instead, nearly everything has gone up in price. Aug. 15, 2024, marks the 53rd anniversary of the ...

[Following the Kennedy-Johnson administration in the United States, there was a massive effort to manage the marketplace, in part by controlling wages.] This initiative was not the handiwork of ...

The Smithsonian Agreement was a deal reached in 1971 among the G10 countries to adjust the system of fixed international ...

President Nixon tried to quell inflation by dropping the gold standard, freezing prices, and raising tariffs. The effort ultimately backfired. Is President Trump’s trade war going to be his “Nixon ...

The U.S. was on a bi-metal or gold standard up until the "Nixon Shock" of 1971. What would the value of gold per ounce need to be today to backstop the amount of U.S. currency currently in circulation ...

Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest ...