georgephillip
Diamond Member
- Thread starter
- #81
"The Nixon Shock has been widely considered to be a political success, but an economic mixed bag in bringing on the stagflation of the 1970s and leading to the instability of floating currencies. The dollar plunged by a third during the 1970s..."That chart should be stapled to the forehead of EVERY Economist on the planet
"Debates over the Nixon Shock have persisted to the present day, with economists and politicians across the political spectrum trying to make sense of the Nixon Shock and its impact on monetary policy in the light of the financial crisis of 2007–2008."
Nixon shock - Wikipedia