50 Years Later, We're Still Adjusting to Nixon's Decision

50 Years Later, We're Still Adjusting to Nixon's Decision
AP Photo/Henry Burroughs. File
Today is the 50th anniversary of the "Nixon shock", the day President Richard Nixon closed the gold window and ended the post-WWII Bretton Woods currency agreement. That agreement, largely a product of John Maynard Keynes, pegged the dollar to gold and most other currencies to the dollar. It wasn't a true gold standard as only
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