I had read it was abolished in 1971, but I also read it was in 1933. Which one is it? Also, why was it abolished in the first place?
In: 306
Why?
Because switching to a fiat currency let the Fed have more control over inflation and responding to financial crisis’s. There were wild swings in business because the currency couldn’t be trusted. Also to [slowly drain workers of their pay](https://wtfhappenedin1971.com/) without them noticing.
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