2025-06-08 The Hidden Cost of Nixon's 1971 Decision: How Abandoning Gold Destroyed Fair Trade

The Hidden Cost of Nixon's 1971 Decision: How Abandoning Gold Destroyed Fair Trade and Made America the World's Chump This week on RLA radio your host Dennis Tubbergen talks with Jeffrey Tucker, founder of the Brownstone Institute, where reveals how President Nixon's 1971 decision to close the gold window fundamentally broke global trade and turned America into a permanent disadvantage against countries like China. In this eye-opening discussion, Tucker explains how the shift to fiat currency created "unfair competition" that has gutted American manufacturing for over 50 years, leading to our worst-ever trade deficits. He also dives into Trump's controversial tariff strategy, the pharmaceutical industry's price-gouging of American consumers (paying 5-10x more than other countries for the same drugs), and the revolutionary changes happening in public health under the MAHA movement. From removing COVID shots from childhood vaccine schedules to eliminating chemical dyes from food, Tucker argues we're witnessing the first real government progress he's seen in his entire adult career. Jeffrey A. Tucker is the Founder and President of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press and ten books in 5 languages, most recently publisher of Blindsight in 2020. He is also the editor of The Best of Mises. He speaks widely on topics of economics, technology, social philosophy, and culture. For more information about our guest, Mr. Jeffrey A. Tucker, please visit https://brownstone.org. For more information about Retirement Lifestyle Advocates, please visit https://retirementlifestyleadvocates.com.