Economy / FinanceNorth America

Beyond Bretton Woods: It’s Time for Leaders To Point the Way to Ending America’s Monetary Mistakes

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We are still suffering today from the baleful consequences of August 15, 1971, when President Nixon ended the convertibility of United States dollars into gold. The need for stable money that serves as a reliable measure for optimal free-market outcomes. Now Is a Moment for New Leaders To Point the Way to Ending America’s Monetary Mistakes If after that fateful day the United States had maintained the average rate of economic growth that it had achieved over the previous 180 years, when it operated under a gold standard, the economy would be at least 50% larger than it is today….

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