On August 15, 1971 Richard Nixon closed what was called the “gold window.” Since then, the purchasing power of fiat money has dropped 80% while gold has gone up from $35 then to the $1500 range today. Michael Boldin talks about what happened and how this has helped prop up the largest government in history – with some background starting in 1933.
Path to Liberty, Fast Friday Edition: August 16, 2019
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