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Mar 13, 2013 · Tracing the history of this gold standard and its demise ultimately led me to one man — US President Richard Milhous Nixon — the man who untethered the cord linking currencies to gold; the man who sold the world fiat money. What happened? How did we get from there to here?
- Fiat Currency
President Nixon: The Man Who Sold the World Fiat Money. By...
- Economics
Investors are showing increased concern about large-cap...
- Central Banking
The predictive power of the yield curve is a widely accepted...
- Quantitative Easing
Myth-Busting: Money Printing Must Create Inflation. By...
- Ron Rimkus, CFA
Ron Rimkus, CFA, was Director of Economics & Alternative...
- Alternative Investments
Alternative Investments - President Nixon: The Man Who Sold...
- Inflation
The yield curve is inverted, implying an imminent recession,...
- Primer
The results offer an illuminating look into the forces that...
- Fiat Currency
Aug 7, 2014 · A large loan from Hughes to Nixon's brother had become an issue in the 1960 presidential race (which Nixon lost narrowly), and when Nixon took office in 1969, Hughes reportedly gave him $100,000...
- Dylan Matthews
May 17, 1974 · It is also known—from the released edited transcript of the tape of Mr. Nixon's March 21, 1973, meeting with John W. Dean 3d—that the President was aware that his aides could raise large...
Nixon vetoed the Clean Water Act of 1972—objecting not to the policy goals of the legislation but to the amount of money to be spent on them, which he deemed excessive. After Congress overrode his veto, Nixon impounded the funds he deemed unjustifiable.
Nov 22, 2013 · President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation.
May 5, 2016 · It would have been a massive step forward in the War on Poverty, guaranteeing a family of four $1,600 a year, equivalent to roughly $10,000 in 2016. First, however, Nixon needed some evidence. Tens of millions of dollars were budgeted to provide a basic income for more than 8,500 Americans in cities around the country.
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Jul 9, 2021 · August 15, 1971, was a fateful day in the history of American economic policy: President Richard Nixon imposed far-ranging wage and price controls on the U.S. economy, abolished the fixed...
