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financeMEDIUM2026-04-26 14:40 UTC

Nixon ended the gold standard in 1971 without consulting a single other country. 54 years later it has never been reversed. What are the long term consequences we still haven't fully felt?

https://preview.redd.it/8zmsas3qqjxg1.png?width=1360&format=png&auto=webp&s=9a2952ad8c3657708206e4cda9fd03b554e2ef18 Most people treat the end of the gold standard as settled history. I'm not sure it is. In August 1971 Nixon unilaterally ended a 27-year global agreement that had held the entire po

ORIGINAL SOURCE →via Reddit r/economy
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