@kimmaicutler Aug 1971,The "Nixon Shock" marked the dollar's transition from the gold standard to a fiat currency. Risk now is inflation
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@kimmaicutler Result is the United States cannot suffer a debt crisis, per se, but would instead face an inflation crisis.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler 25K house in Sunnyvale in 1971 now 1.75 million. You do the mathThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler sounds like#millennials with pitchforksThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler @bgould132 Oh my god that is so ahistoric. Compare the timing of the Nixon shock to the development of OPEC, for example.Thanks. Twitter will use this to make your timeline better. UndoUndo
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