August 15, 1971: A Date Which Has Lived In Infamy

Brian Domitrovic Forbes 8/14/2011

In their impossibly good book Money, Markets, and Sovereignty (2009), Benn Steil and Manuel Hinds make the point that over the last four thousand years, the only period in which humanity has not consistently based its currency in metal, specifically gold, is the last forty. That’s right. Ever since President Richard […]