The Gold Standard Ended 50 Years Ago. Federal Debt Has Only Exploded Since
January 31, 2021 at 09:00 AM EST
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only...