Opinion
Opinion: What Did Nixon Do 50 Years Ago that Still Haunts Us Today? It’s Not Watergate
On August 15, 1971, President Richard Nixon decreed the U.S. dollar would no longer be redeemable for the gold owed, even to foreign governments. This bad decision was a desperate attempt to avoid the consequences of previous bad decisions. Nixon decided to end gold convertibility. He claimed it was just temporary, but his decree was