Confusion Worse Confounded
In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.
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In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.
Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property.
This might sound radical or extreme, but the US somehow managed to get along for more