Since 1971, productivity soared while wages stagnated. Learn about the Federal Reserve, the end of the gold standard, and the case for sound monetary policy. Knowledge empowers better economic decisions.
When President Nixon ended the Bretton Woods system in 1971, ending the dollar's convertibility to gold, something fundamental changed. Productivity continued to rise, but worker wages stagnated.
Productivity Growth (1948-2022)
Hourly Compensation (1948-2022)
Data: Economic Policy Institute, Federal Reserve Economic Data
The Federal Reserve makes decisions affecting every American, yet its board members are not elected and operate with limited oversight.
Monetary expansion effectively taxes savers through inflation, transferring wealth from the public to government and connected interests.
Alternative approaches exist: gold standard, competing currencies, cryptocurrency, and Fed reform proposals from experts like Ron Paul.
In 1971, President Nixon ended the gold standard. Since then, productivity has soared while real wages have stagnated. This article explores the data and the connection to monetary policy.
In 1910, a group of bankers met in secret on Jekyll Island, Georgia. Their plan would fundamentally transform the American financial system.
Former Congressman Ron Paul has spent decades advocating for Federal Reserve transparency. Here's why he believes an audit is necessary.
Understanding how central bank manipulation of interest rates creates boom-bust cycles, according to Austrian school economists.
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“It is no coincidence that the century of total war coincided with the century of central banking.”
— Ron Paul, End the Fed
Learn about proposals from economists, policy experts, and monetary historians.