The 1970s were the turning point in the wrong direction. Under Keynesian guidance, gold was abandoned, prices increased, and the dollar rapidly depreciated.
It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do.
General Andrew Jackson, fresh off the election of 1828, assumes the office of the presidency, armed with a battle plan to bring down the institutions he blames for the corruption of the republic.