Richard NixonGold StandardNixon Shock
Feb 19, 2026Richard Nixon’s Biggest Mistake Wasn’t Watergate, It Was This | Presidents Series | Jeffrey Tucker
Jeffrey Tucker argues that Richard Nixon's decision to end the dollar's convertibility to gold and impose wage and price controls in 1971 was a more catastrophic mistake than Watergate, unleashing unchecked government spending and inflation that fundamentally reshaped the American economy.
