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.
The Fed’s specialty is propaganda through data, with a long record of failure. This is by
Banking systems around the world have huge effects on our lives, yet few people understand how