Yes, 40 years ago that miscreant Machiavellian, Richard Nixon, took the U.S. off the GOLD EXCHANGE STANDARD and later in the year supposedly proclaimed that we are “ALL KEYNESIANS NOW.” Nixon learned that a fiat-based currency with a compliant CENTRAL BANK can create enough liquidity to promote short-term economic growth. The supposed conservative PRESIDENT forgot the element of Keynes that proscribed acting in an anti-cyclical fashion by running budget surpluses during economic growth times. Once Nixon could pressure Arthur Burns to roll the presses, getting CONGRESS to deficit spend for any purpose was an easy task.