Why Did We Reject The Gold Standard For Our Money?

[Scataphagos]

Simple.

Nixon got tired of our creditors "holding our feet to the fire" when we stole from everybody.

Nixon made it difficult/impossible for us to be held accountable for grand larceny.

 

[Ricter]

So that we could borrow from the future to fund a war today. Same reason everyone else rejected the gold standard.

 

[Wallet]

So we could print more money,

A good read on the subject.

"Paper Money" by Adam Smith, dell publishing Co copyright by George J W Goodman.1981

 

[Ricter]

Unless we go back to carrying gold flakes in vials, and tweezers to extract them, paper is still going to be used.

 

[loik]

Quote from Ricter:

Unless we go back to carrying gold flakes in vials, and tweezers to extract them, paper is still going to be used.

Gold standard doesn`t necessarily mean that you carry gold!