00 an ounce and the dollar was the central currency for international trade. The first cracks in that system became evident when the British drastically devalued the pound in 1967 because the strong pound made British goods too expensive on the international markets. The Bretton Woods system finally collapsed when President Nixon took the United States off the gold standard in 1971."The discussion went on from there with Mitchell Stroach from the Office of Management and Budget explaining to the President how a series of economic blunders by succeeding Presidents, including Nixon's wage and price freeze and his stimulation of the economy until after he was safely reelected, Ford's abortive Whip Inflation Now policy, followed by a stimulatory fiscal policy when unemployment became too high in an election year, the easy money policies during the first part of Carter's term, followed by tight monetary policy by the Fed to lower the double digit inflation that resulted from that led to. ..” he started and stopped.“It didn’t go well then?” she said.“No, no, it didn’t go well. He’s in a very bad place, Abbs. And, he’s not like any other man I’ve ever met. Whether because of his injuries or the divorce or whatever, he’s in a very bad place. Listening to reason is not something the man is into, not now, not for the foreseeable future,” he said.“So tell me,” she said. He shook his head and that in such a way as to make clear his frustration.“I found him at the veterans’ bar he hangs at. He was alone, and I have to think that he usually is. I get a sense that he prefers it that way, or maybe people are just avoiding him because of his face or his attitude, or maybe both; I don’t know,” he said.“My oh my,” she said.“Frankly, Abbs, I’m ready to write the man off. He doesn’t want us around anyway. I’m at the point of giving him what he’s asking for,” he said. The woman across from him began to cry, silently cry. He noticed, stood, and went to her.“It’s my fault, my words, the.
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