i cant blame Nixon for doing away with the gold standard — it was a necessary step if he was to pay off the (coming due then) Viet Nam multi-zillion-dinero war debt bonds. The only way to pay them off was to seriously depreciate the dollar.
Just as I can’t blame President Trump today for doing similarly, what with all the debt from Obamacare and corruption payouts and what appears to have been outright thefts?
38 TRILLION debt...it will either have to be renounced or else paid off with seriously depreciated fiat dollars (the latter is what is happening, probably the better of the two rotten options) imho
“38 TRILLION debt...it will either have to be renounced or else paid off with seriously depreciated fiat dollars”
The growing economy along with interest rate cuts will pay it off.
The economy is already growing faster than models that predicted a ten year surplus were using as inputs.