Swiss Economicblogs.org
Part III of IV by Claudio Grass The Nixon Shock: Where we stand today A lot has been said and written about the inflationary effects that the closure of the gold window had on the real economy and on ordinary people’s lives. And rightfully so, as this has been among the most devastating consequences of the end of the gold standard and it affected countless workers and savers who have been seeing their incomes wither over time, thanks to the hidden tax of inflation. However,...
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