Did the downfall of the American economy begin when Nixon took us off the gold standard and locked us to the printing press?

ANSWER

-O-uknow

ANSWERS: 1

spongeworth

Short answer is no. Longer answer is that value attributed to gold is almost as speculative as value attributed to the faith & credit of the United States (which is what the paper represents). Money is an abstract. It only means what people agree it means.

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