In 1971, Nixon used a fiscal crisis to justify severing the dollar’s last connection to gold. It was the same old story: “we must vastly expand government power because of a ‘crisis.'” The government never gives up these new powers.
Original Article: “How Nixon and FDR Used “Crises” to Destroy the Dollar’s Links to Gold“
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.