[Eleutheria5]

It wasn’t quite Monopoly Money until 1972, when President Nixon took the Dollar off the gold standard.

[cuz1961]

It wasn’t quite Monopoly Money until 1972, when President Nixon took the Dollar off the gold standard

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I respectfully disagree.

Since 1913 you could not use gold to pay back the FedRes.

You could sell your gold for FedRes notes and pay back the FedRes but that’s not the same thing .

All FedRes notes are/is fiat.

All fiat is monopoly money.

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