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Jan Nieuwenhuijs: What went wrong in 1971 is explained
10:25a ET Wednesday, July 1, 2020
Dear Friend of GATA and Gold:
Voima Gold researcher Jan Nieuwenhuijs this week posts an excellent interview with a couple of amateur Austrian School economists who maintain an internet site built on the premise that the world started going haywire upon President Richard Nixon's disconnection of the U.S. dollar from gold in 1971.
The interview suggests that the closing of the "gold window" not only began the age of infinite money but also caused economic inequality to explode by inflating financial asset values without increasing wages.
Nieuwenhuijs' interview is headlined "What Went Wrong in 1971" and it's posted at Voima Gold here:
https://www.voimagold.com/insight/what-went-wrong-in-1971
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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