walker on nostr

Exactly 53 years ago, Nixon “temporarily” suspended the convertibility of dollars to gold.

Remember: there is nothing so permanent as a temporary government program.

Happy birthday, fiat!

(Study #Bitcoin with @THE Bitcoin Podcast )

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Japhyrider · 79w

Nothing more permanent than a temporary government measure

willyleblank · 79w

https://primal.net/e/note10h8r26ya5w84qkehz0ja7dnwhj470vpkzdumuud8sx0aafm32g5slu65ux

willyleblank · 79w

Fascinating data on the economic impact of the U.S. abandoning the gold standard in 1971: https://wtfhappenedin1971.com/

freeborn | ἐλεύθερος | 8r0gwg · 79w

...most people forget that he *also* implemented price controls..i

Brett Morrison · 79w

nostr:nevent1qqszwsctx3hqu3k9e3zldkl2pswf9casxza7a2kypxzt092vu7pvyhgprpmhxue69uhkummnw3ezuendwsh8w6t69e3xj730qgswr7d6xg9l7nzsa8a263zyxtu082dmpyjthzxf26glce00ja356pcrqsqqqqqppft4ks

Troy · 79w

...except it wasn't permanent.

Chris Krause · 79w

Couldn't we just suspend the FED temporarily?