Arcadia Economics: The Dollar’s Down 99% Since Nixon Temporarily Took us off Gold Standard

What if one seemingly temporary financial decision, made decades ago, has profoundly shaped your economic reality today, from the value of your dollar to the global power balance? That’s the powerful question at the heart of a recent video from Arcadia Economics, featuring the insightful Vince Lanci. The discussion dives deep into a pivotal moment in financial history: August 15, 1971, the day President Richard Nixon unilaterally severed the U.S. dollar’s link to gold. Dubbed the “Nixon Shock,” this decision effectively ended the Bretton Woods system, which had pegged the dollar to gold and other currencies to the dollar. Nixon presented it as…