[Lurkina.n.Learnin]

I thought we were supposed to blame Nixon for taking us off the gold standard. Who to blame?

[Pelham]

“I thought we were supposed to blame Nixon for taking us off the gold standard. Who to blame?”

It was Nixon. 15 August 1971.

https://blogs.cfainstitute.org/investor/2013/03/13/president-nixon-the-man-who-sold-the-world-fiat-money/

What FDR was revalue gold from $20/oz to $35 in order to increase the monetary base. And prohibit private ownership but it didn’t end the gold standard.

[expat_panama]

...supposed to blame Nixon for taking us off the gold standard.

--or FDR depending on your politics and gold preference, the entire process took a long time from '14 to '72 with the biggest jumps in '33 and '72.  This writer's notion that FDR put us on the gold standard was a new one for me.  Sounds like something from Orwell's 'Ministry of Truth'.