required field (yahvah) wrote in thequestionclub,
required field

When Richard Nixon took the U.S. off the gold standard, in a speech he said: Every action I have taken tonight is designed to nurture and stimulate that competitive spirit to help us snap out of self-doubt, the self-disparagement that saps our energy and erodes our confidence in ourselves... Whether the nation stays Number One depends on your competitive spirit, your sense of personal destiny, your pride in your country and yourself.

Ignoring how fiat currencies allow us to bail out banks with newly created money, how could've removing the gold standard nurture and stimulate a competitive spirit?

Have you seen Frost/Nixon?
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