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Published on Aug 15, 2011
Today marks the 40th anniversary of the new economic policy where the dollar would no longer be pegged to gold. At the time, former President Nixon promised that ending the gold standard would bring prosperity, jobs, create fair competition around the world, and allow the Federal Reserve to create monetary policy to increase the prosperity. We'll take a look at where we are 40 years later and ask, what did ending the gold standard get us? American Principles Project's Ralph Benko weighs in.