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103 sats \ 1 reply \ @Undisciplined 12 Nov \ on: MONEY CLASS OF THE DAY: Price Matters & Why Bretton Woods Ended in 1968—Not 1971 econ
I hadn't thought about this before, but of course formally ending gold convertibility was the culmination of something that had already occurred.
There will likely be some similar dating issue, when future economic historians are attempting to identify the impact of the US defaulting on its debt obligations (which will eventually happen) on the purchasing power of the dollar. Most sane people already know that default is coming, so the effect on purchasing power is already happening.
Indeed, indeed.
Future historians are gonna have a field day figuring out wth happened when and why
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