Jan 6 2010
U.S. Dollar and the 1971 Shock: How Going off the Gold Standard is now Coming Back to Harm the U.S. Dollar. The 40 Years Spending Spree.
The U.S. dollar has been on a wild rollercoaster ride for decades. Most Americans rarely concern themselves with currency markets or larger macro economic trends. Yet this is such an important financial area to understand since Americans are paid in U.S. dollars. It is fascinating to understand why the U.S. went off the gold standard [...]