My comment was meant to reflect the simple rejection of the nearly 200 years of successful economic policy that was chit canned with his action.
I also am aware that he intended that this action be temporary.
$22T later, we're still waiting.
The real gold standard (with convertibility) ended in 1933...Nixion just killed off the international agreement/”Gold Reserve Act”.
The only way to avoid abandoning the gold standard would have been to sell all of the gold in Fort Knox. And when it was gone, then you’d be right back to square one except that there would be no more gold to sell.
The problem was not him abandoning the gold standard, but rather the printing of money.
I suppose he could have said, “Well, we’re not going to abandon the gold standard, but we’ll revalue the dollar so that the price of gold is $200 per ounce instead of $35 per ounce.” Of course, the problem with that is that you might as well abandon the gold standard if you’re just going to revalue the dollar every time it becomes inconvenient.