Swiss Economicblogs.org
Part I of IV by Claudio Grass What happened and why This year marked the 50th anniversary of President Nixon’s decision to unilaterally close the “gold window”. The impact of this move can hardly be overstated. It triggered a tectonic shift of momentous consequences and it changed not just the global economy and the monetary realities, but it also shaped modern politics and severely affected our society at large. The Nixon Shock In July 1944, representatives from 44...
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