IVIV (8): Nixonizing U.S. Currency

[David Morris]

Yeah.  We need a couple, three economists to give us the low-down on
this Nixon dollar action.  All I could glean was that it was in
response to inflation resulting from Vietnam war spending.  This could
be a big clue from TRP...

On Wed, Sep 30, 2009 at 9:57 AM,  <kelber at mindspring.com> wrote:
> I haven't found any good retrospective analyses of it.   How much impact did it have?  Was it another power-play for the super-rich?  How many super-rich were there back then?  It seems to pale (as does most everything Nixon did) in light of the excesses of Reagan and Dubya.
>
> Laura
>
> -----Original Message-----
>>From: Dave Monroe <against.the.dave at gmail.com>
>
>>
>>On Wed, Sep 30, 2009 at 9:28 AM,  <kelber at mindspring.com> wrote:
>>
>>> http://www.youtube.com/watch?v=iRzr1QU6K1o
>>
>>Thanks!
>>
>>> I remember watching this on TV with my staunchly-communist grandfather.  I asked him what it all meant and he replied in his thick Yiddish accent:  "I don't know.  But if Nixon's doing it, it's bad."
>>>
>>> Can anyone tell me if he was right?
>>
>>Yes! and yes!
>>
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