Talk:Gold Standard Act

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gjty —Preceding unsigned comment added by 99.152.24.56 (talk) 23:50, 8 April 2009 (UTC)[reply]

modern currencies

"All modern currencies thus became fiat currencies freely floating and subject to market forces despite capital controls imposed by some central banks, with gold as a commodity."

This is dubious for several reasons.

Not all modern currencies are freely floating
This implies that currencies under Bretton Woods weren't subject to market forces, which is simply untrue.
Gold was already traded as a commodity even prior to the Nixon shock.

Jokojis (talk) 23:28, 24 June 2024 (UTC)[reply]