If it would take down the fed and put us back on the gold standard I’m all for it. We never heard the word inflation until tricky dick took us off the gold standard in ‘72.
“We never heard the word inflation until tricky dick took us off the gold standard in 72.”
Inflation began showing up around 1960. It’s one reason why we ended silver coinage. It’s why there was a dual gold market during the ‘60s, with France redeeming its dollar holdings for gold. It’s why Nixon decided to scrap the Bretton Woods agreement, because otherwise France alone could have drained our entire gold supply.
The inflation following Nixon’s decision was just much, much larger and obvious to all of us. But it started in the last years of Eisenhower.