The Plaza Accord, The Shanghai Accord, and Gold’s Future
May 05, 2016 at 09:00 AM EDT
The year was 1985 and the global economy was only 14 years into the new monetary regime of free floating currencies (even contrary to the hundreds of centuries littered with failures of never working in longer terms). After abandoning the gold standard in 1971, the U.S. endured a destructive decade of stagflation (high inflation coupled with high […]