Corbett_ Wrote:
Dec 12, 2012 11:16 AM
We stopped being a nation of wealth creators and became a nation of consumers shortly after Nixon took us off the gold standard. It makes no sense to save and invest when the value of your currency is decreasing at a rapid rate. As Dr. Sowell points out in his article today, the dollar has lost 80% of its value since 1960. LBJ's inflation forced Nixon to take us off the gold standard and then all brakes were off.