Forty years ago today, on the morning of Sunday, August 15, 1971, the US president, Richard Nixon, declared the inconvertibility of the dollar into gold. It was to be the great liberation that Keynesians and governments had dreamed of for decades. The results, however, have been catastrophic.
Jordi Franch
Jordi Franch teaches business and economics at Spain’s Manresa University and the Technical University of Catalonia. He discovered Mises during his graduate studies, but the director of his economics department forbade him to do his PhD on Austrian economics. So he went to Rey Juan Carlos University and found Jesús Huerta de Soto.
