Harry Browne, former libertarian candidate, predicted leaving the gold standard.
Posted Apr 12, 2021, 5:13 AM UTC
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I think they believed they could manage it. They also thought stagflation was impossible.
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Weath gaps are a symptom. They are not the cause.
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When you are the only currency on the gold standard, as in 1973, you get foreign conversions and all your gold could be gone. That was the situation when Nixon went off of gold. I don’t see how a prediction in 1973 has any bearing today. Predict often and you might get one right.
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He predicted it in 69
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The point was it was not accepted that usa would default on its debt. It was also supposed to be a temporary move. A few knew that was horse shit.
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By default you mean terminated Breton Woods? I predicted a bunch of things in 1969. Where is he now? I don’t even remember him from then. What exactly is your point here?
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Yes. By saying we wouldn't honor our debt. He died. My point is what he said. What is your point?
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A dead man tells no tales. So he predicted it. Who cares in 2021? That’s my point. Irrelevant.
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Good stuff đź‘Ť