Almost forty years ago, the United States had seemingly reached the zenith of economic power. Then on August 15, 1971, the federal government abandoned the gold standard, and the last tether between Federal Reserve policy and fiscal responsibility was severed. For America, it was when the future went away. I instinctively sensed this loss, because I grew up in the 1960s and was keenly interested in "The Future." I was a precocious science fiction fan, when science fiction was about optimism and hope in the advances of science and technology. After going to the Moon, what couldn’t we do? The … Continue reading Where Our Future Went
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