WTF Happened In 1971? (Spoiler: In 1971 the United States unilaterally terminated convertibility of the US dollar to gold foreign central banks, effectively ending the Bretton Woods system. Have a look at the pre- and post-1971 trends…remarkable.)
WTF Happened in 1971?
Posted bymarkskidmorePosted inUncategorized
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts