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this post was submitted on 11 Jul 2023
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Asklemmy
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https://wtfhappenedin1971.com
What DID happen?! Why are there only questions on this site, I need answers.
The United States abandoned the gold standard. I am guessing the point of this website is to suggest that was a bad thing. There is a lot of debate around the gold standard and most "mainstream" economists have no love for it, so I'm not saying the website is right or wrong, just that that's what it's about.
Let's not forget that Nixon also got the controlled substance act passed in 1971 and kick started the war on drugs.