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The brand new Government Set-aside fasten the cash likewise have and you can rising prices try significantly lower in the brand new eighties, and hence the worth of the brand new You.S. dollars stabilized. It was mostly as a result of the prevailing monetary consider in the time you to definitely inflation and you may actual monetary growth were linked (the newest Phillips curve), thereby rising prices is actually considered to be apparently harmless. Underneath the Bretton Trees program dependent just after World war ii, the worth of gold try fixed so you can $thirty five for each and every ounce, and the value of the fresh You.S. buck try for this reason anchored for the value of silver.
