On August 15, 1971, President Nixon severed the dollar’s link to gold. This episode of What’s Ahead explains how this decision cost the economy trillions and why a gold standard is crucial for higher long-term growth. http://on.forbes.com/6180yqy5g | Forbes
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On August 15, 1971, President Nixon severed the dollar’s link to gold. T…
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In 1971, Nixon made a decision that changed everything: he removed the US from the gold standard. This video breaks down what happened and what it means for the world. #Nixon #GoldStandard #Economics #History #USHistory | Open Range
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