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by choxi
521 days ago
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What do you mean? I thought the US dollar was fixed to gold between WWII and 1971: > On 15 August 1971, the United States ended the convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency https://en.wikipedia.org/wiki/Bretton_Woods_system |
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The dollar was convertible into gold at a fixed rate. We still printed more dollars than there was gold.