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The newest Government Set aside tightened the money also have and you can rising cost of living is dramatically reduced in the new eighties, thus the value of the newest You.S. dollars stabilized. This was largely as a result of the prevailing monetary look at during the go out you to definitely inflation and real financial growth have been linked (the new Phillips curve), and so rising prices are considered seemingly ordinary. Within the Bretton Trees program based once World war ii, the worth of gold try fixed so you can $35 per ounce, as well as the property value the newest U.S. dollars are hence anchored on the property value gold.
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