From the executive editor...
Aug 13, 2021
2 minutes
John Stepek editor@moneyweek.com
“Why did the US come off the gold standard? Because it wanted to, and because it could”
This Sunday marks the 50th anniversary of a momentous occasion in financial and monetary history. On 15 August, 1971, then-US president Richard Nixon “temporarily” suspended the convertibility of the US dollar into gold bullion. Less than two years later,
You’re reading a preview, subscribe to read more.
Start your free 30 days