Tag: Richard Nixon

… This is the only story now …

  In my life, I have watched John Kennedy talk on television about missiles in Cuba. I saw Lyndon Johnson look Richard Russell squarely in the eye and  say, "And we shall overcome." I saw Richard Nixon resign and Gerald Ford tell the Congress that our long national nightmare was over. I saw Jimmy Carter … Continue reading … This is the only story now … →

… After the gold standard, …

...we got bigger government and a smaller dollar August marks the 50th anniversary of Richard Nixon’s infamous decision to “close the gold window,” reneging on the U.S. government’s pledge to redeem dollars for gold. Although Nixon’s action spelled the end of the postwar Bretton Woods framework, the system in place circa 1970 was a pale shadow … Continue reading … After the gold standard, … →