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Today in History: Nixon Slams Shut the “Gold Window”

By: Mike Maharrey Today in history, on August 15, 1971, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. Nixon ordered Treasury ...

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Why Do Central Bankers Oppose a Gold Standard?

July 19, 2019 Economy / Federal Reserve 0

By: Mike Gleason Federal Reserve Chair Jerome Powell’s testimony before Congress was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” ...

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