About the only thing that didn’t soar was my income.
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I hear that. I actually changed jobs twice just to get a big enough bump to stay even.
The actual decoupling from the gold standard as I understand it happened before Nixon. He just closed the window on being able to choose Gold rather than dollars.
We have certainly had our share of Central Bank woes and incompetents. Could be why so many people hate the Fed. Ha.
I think that “decoupling” and “closing of the gold window” mean the same thing.
The French were redeeming dollars for gold until Nixon suspended (it was officially “suspended”) Bretton Woods, which broke the link, ended convertibility.
I know a book that you might enjoy;
“When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy”
What I like about it is learning the mechanism by which the pre-1933 classical gold standard operated. The automatic (well sorta automatic) way that trade was balanced by gold flows between nations. I need to read it again to see what I missed. It’s very different than the Bretton Woods system.