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Posts Tagged: “Nixon“
Imprimis and the Danger of Price Controls
50 years ago, Hillsdale College released the first in a series of mailed pamphlets. At the time they could have no idea about how much this publicity arm of the college would grow in the future, or the amount of public discourse it would cause. Imprimis’ has become one of the most widely circulated academic […]
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Fun on Friday: Politicians Lie
I have some sobering news for you. Politicians lie. No, no, not just the politicians you don’t like. I mean pretty much all of them – with a few rare exceptions. It’s like part of the political DNA.
50 Years Ago: Nixon Slams Shut the “Gold Window”
Fifty years ago this week, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. Nixon ordered Treasury Secretary John Connally to uncouple gold from its fixed $35 price and suspended the ability of foreign banks to directly exchange dollars for gold. During a national television address, Nixon promised […]
Nixon Closed the Gold Window and All I Got Was This Lousy National Debt
This year will mark the 50th anniversary of President Richard Nixon severing America – and the world – from its last tie to the gold standard. The rapid devaluing of the dollar is the most obvious result. But another consequence has been an enormous national debt that continues to grow at a staggering pace. Most […]
Fun on Friday: Politicians Are Liars Edition
Politicians are liars. I’m sure you don’t need me to tell you this. Let’s just call it a friendly reminder. I was reminded of this fact as I wrote an article about the anniversary of Richard Nixon slamming shut the gold window for the Tenth Amendment Center.