This Day in History March 14 1900

📆 On This Day, March 14, 1900, the United States formally adopted the Gold Standard Act, tethering the dollar to a tangible reality: gold. While not a perfect system, it provided a hard limit on monetary expansion, grounding our currency in something real and finite. For decades, this link helped stabilize the dollar’s value and protect the purchasing power of everyday Americans.

Fast forward to 1971—when Nixon severed that tie for good. The result? Inflation crept in, then roared, eroding the dollar’s worth year after year. What once bought a home now barely covers rent. Each generation since has faced a steeper climb—houses, once a cornerstone of the American dream, are now out of reach for many. The abandonment of gold didn’t “free” our economy; it unleashed a slow-motion collapse of living standards.

The Libertarian Party of Pennsylvania stands for sound money and economic freedom. Let’s remember the lessons of history: when currency loses its anchor, we all pay the price.

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