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WTF Happened 53 Years Ago Today — Why the Nixon Shock Still Affects Us All
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WTF Happened 53 Years Ago Today — Why the Nixon Shock Still Affects Us All

WTF Happened 53 Years Ago Today — Why the Nixon Shock Still Affects Us All

In his 1971 speech ending the gold standard, Richard Nixon promised to stabilize the dollar. Instead, almost everything has become more expensive.