The United States stopped backing Dollars with Gold in 1968. That change enabled the US Government to borrow on a scale that was enormous compared with
Richard Duncan
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Congress ended the requirement that the Federal Reserve hold Gold to back the Money it created in 1968. Afterward, there were no longer any constraints on
There has been an extraordinary surge in Wealth in the United States since the end of 2019. Household Wealth soared by $44 trillion or by
When Money ceased to be backed by Gold five decades ago, our economic system began to function very differently than it had up until then.
Capitalism didn’t survive the 20th Century. When Money ceased to be backed by Gold five decades ago, many of the constraints that had regulated economic