Part IV of IV by Claudio Grass The Nixon Shock: The way forward President Nixon’s unilateral decision to sever the last link between the dollar and gold had wide ranging and long lasting consequences for the global economy and for the entire monetary system. The end of sound money facilitated and accelerated the concentration of …
Tag: battle over the future of money
The battle for control over the future of money
It’s no secret that governments and central planners of all stripes have long detested the rise of private money and independent digital currencies. They have tried to stifle the burgeoning crypto industry from the moment it attracted mainstream attention. For years, they have continued to add regulatory hurdles and threaten crypto holders and investors, as …