04-23-2016, 03:46 PM
(04-23-2016, 03:23 PM)garvin link Wrote:Wikipedia, which has never been known to be wrong, says it was 1968, which would be the tail end of the Johnson presidency.
https://en.wikipedia.org/wiki/Silver_cer...ed_States)
Nixon took the United States off the gold standard, so maybe you're thinking of that.
You're absolutely right. The silver certificate allowed a person to buy a set amount of silver (right? Hence, the name?) in exchange for said certificate. Nixon set chaos in motion w/ Bretton Woods, I think, which allowed currencies to float. Ultimately, that required the price of gold to float. So, yes, I was thinking of Nixon.
"It's not what you don't know that gets you in trouble. It's what you think you know that just isn't so."
Mark Twain
