Attend the Stockman Seminar CHAPTER 13 MILTON FRIEDMAN’S FOLLY Rise of the T-Bill Standard T he stage was thus set for the final “run” on the dollar and for a spectacular default by the designated “reserve currency” provider under the gold exchange standard’s second outing. And as it happened, the American people saw fit to install in the White House in January 1969 just the man to crush what remained of gold-based money and the financial discipline that it enabled. Richard M. Nixon, as we know, possessed numerous and notable flaws. Foremost was his capacity to carry a grudge … Continue reading →Read More
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