this post was submitted on 11 Jul 2023
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Asklemmy

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[โ€“] HandOfDoom@lemmy.world 53 points 1 year ago (1 children)
[โ€“] Drekzak@lemm.ee 26 points 1 year ago* (last edited 1 year ago) (2 children)

What DID happen?! Why are there only questions on this site, I need answers.

Edit: Nevermind, figured it out: Image

[โ€“] sol@lemm.ee 20 points 1 year ago

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.

[โ€“] arcrust@lemmy.fmhy.ml 11 points 1 year ago

Let's not forget that Nixon also got the controlled substance act passed in 1971 and kick started the war on drugs.