政企直通：镇江市企业网络服务平台服务指南 下载 pdf 百度网盘 epub 免费 2025 电子版 mobi 在线

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The monetary event that prompted me to enter politics occurred on August 15, 1971. That Sunday evening, Richard “We are all Keynesians now” Nixon announced the U.S. government would default on its pledge to deliver gold to any foreign government holding U.S. dollars at the rate of one ounce of gold for each $35.

The chaos was dramatic. The dollar was sharply devalued, and price inflation became a major problem in the decade of the 1970s, as did steadily rising interest rates. But what impressed me most was that the Austrian economists who made predictions a long time ago were proven correct. It was the consequences of this event in 1971 that prompted me to decide on a lark in late 1973 to run for Congress in 1974.

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