Aug 15, 2021

5 min read

50 years and 21 million

A brief look into the history of the world’s greatest monetary experiment.

Intro

It has officially been 50 years since the Nixon shock — August 15, 1971, also a Sunday, when president Nixon went on national television to announce the historic change that the US dollar will no longer be pegged to gold.

More from Stanislav Kozlovski

A generally curious individual — software engineer, mediterranean dweller, regular gym-goer, coffee lover and DeFi (Balancer) contributor.

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50 years and 21 million

A brief look into the history of the world’s greatest monetary experiment.

Intro

More from Stanislav Kozlovski

Recommended from Medium

Storm-Watching Real Estate: The Impact of Hurricane Harvey

CodeNEXT or None, Austin Has an Identity Crisis

What if there was no EO

Re-invigorating towns

Capitalism Mythbusters: Free markets lead to intolerance toward minorities.

Barter revive

I Want to Be Rich

First The Toilet Paper, Next the Credit Cards

Get the Medium app

Stanislav Kozlovski

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