Talk:Gold Standard Act

Untitled
gjty —Preceding unsigned comment added by 99.152.24.56 (talk) 23:50, 8 April 2009 (UTC)

modern currencies
"All modern currencies thus became fiat currencies freely floating and subject to market forces despite capital controls imposed by some central banks, with gold as a commodity."

This is dubious for several reasons.
 * 1) Not all modern currencies are freely floating
 * 2) This implies that currencies under Bretton Woods weren't subject to market forces, which is simply untrue.
 * 3) Gold was already traded as a commodity even prior to the Nixon shock.

Jokojis (talk) 23:28, 24 June 2024 (UTC)