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We live in the future! (thelemmy.club)
submitted 3 months ago by to c/programmer_humor@programming.dev
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cross-posted from: https://lemmy.world/post/9525207

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[–] 0 points 3 months ago (1 child)

You say that like Nixon wasn't unilaterally breaking the Bretton Woods Agreement. No offense, but are you an American?

https://en.wikipedia.org/wiki/Nixon_shock

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  • [–] 2 points 3 months ago

    Yes I am an American and I know what he did, but I also know that the Breton woods agreement was only a small part of the financial system, and that realistically, the economic downturn of the 70s was far more heavily impacted by several oil shocks and the hangover from massive spending on Vietnam.

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