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The Demise of the Gold Standard

Summary:
Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price. Original Article: "The Demise of the Gold Standard" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by ...

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Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price.

Original Article: "The Demise of the Gold Standard"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Mark Thornton
Mark Thornton is Senior Fellow at the Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), and The Bastiat Reader (2014).

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