August 15, 1971

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ouchtouch's picture
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August 15, 1971

One of the most surreal speeches in American political history.  We will fight inflation by devaluing the dollar.  We will protect the value of the dollar by defaulting on our promise to keep it redeemable in gold.  "The effect of this action will be to stabilize the dollar."

Edited by admin on 11/08/2014 - 06:04
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