Taking the Gold: FDR’s Executive Order 6102
On April 5, 1933, FDR signed executive order 6102, requiring everyone to turn in their gold under the threat of fines or imprisonment. But that wasn’t the beginning – or the end – of the story. Path to Liberty, Fast Friday Edition: April 3, 2020...
Funding the Monster State: FDR, Nixon vs the Gold Standard
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...
Today in History: FDR and Congress Take U.S. off the Gold Standard
On April 5, 1933, President Franklin D. Roosevelt signed Executive Order 6102 “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The effect of the order was to criminalize the possession of...