50 years since the closure of the “gold window”
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50 years since the closure of the “gold window”

ByClaudio Grass

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…

50 years since the closure of the “gold window”
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50 years since the closure of the “gold window”

ByClaudio Grass

Part II of IV by Claudio Grass The lasting impact of the Nixon Shock The economic and monetary consequences of Nixon’s decision to end the convertibility of the US dollar to gold are as numerous as they are severe. It marked the start of five decades of monetary and fiscal…

50 years since the closure of the “gold window”
| | | | |

50 years since the closure of the “gold window”

ByClaudio Grass

Part I of IV by Claudio Grass What happened and why  This year marked the 50th anniversary of President Nixon’s decision to unilaterally close the “gold window”. The impact of this move can hardly be overstated. It triggered a tectonic shift of momentous consequences and it changed not just the global…