As the U.S. Dollar tanks, it's interesting to go back and see what events accelerated the dollar's massive devaluation over the years. There are many arguments against the "Gold Standard" but listening to Nixon 37 years ago, it is fascinating to see what America's "priorities" were back then. He argued that currency fluctuations didn't matter as long as you "Buy American" products. He implemented a 10% tariff on imported goods to eliminate the disadvantage that American manufacturers faced. We've come a long way and the world is unrecognizable in the context of the 1970's.
