In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.
Confusion Worse Confounded
- May 2, 2024
- 0
- 9 Views
You Might Also Like
-
May 16, 2024
The U.S. Defeat in Vietnam Changed Nothing
-
May 16, 2024
Both of Biden’s Key Economic Advisers get Basic Econ Wrong
-
May 16, 2024
Jared Bernstein Knows One Thing: “We Can Print Our Own Money”