Damus
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walker
@walker
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?