3 points
1 point
The Nixon Shock was the end of the Bretton Woods system (kinda sorta a gold standard) and the beginning of unlimited inflation we see today. Everything absolutely went to shit after Nixon, especially inequality.
7 points
Is gold actually worth something though? Most of it’s value is also just because it lasts a long time and we all think it is valuable. And I disagree that things have gotten worse only since Nixon
2 points
Sorry if I implied the world in general has only gotten worse since then. I was referring to the money supply and its consequences.
Why do you say “most”?
