How an Economy Grows and Why it Crashes

2 thoughts on “How an Economy Grows and Why it Crashes”

  1. I also got curious who Chuck deBongo was. Couldn’t find any references but after some searching in the history books I’m pretty sure it is Charles de Gaulle (which also seem correct with Chuck deBongo). The french administration reduced its dollar reserves, exchanging them for gold, which along with the strain of expenditures for the Viet war and some additional parameters led Nixon to put an end to international convertibility of the dollar to gold.

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