Ten Decrees: Old Masters, New Money

Lucho Poletti on redrawing Hieronymus Bosch and Pieter Bruegel the Elder around money, Nixon’s 1971 decree, and why bitcoin art keeps returning to the old masters. On August 15, 1971, Richard Nixon announced that he had directed Treasury Secretary John Connally “to suspend temporarily the convertibility of the dollar into gold.” The suspension was never lifted. Fifty-five years later to the day, Lucho Poletti unveiled the first of ten drawings responding to that decree. Europe had experienced its own monetary upheavals. Hieronymus Bosch and Pieter Bruegel the Elder worked during an era of expanding banking, credit, and speculation.

Source: Bitcoin Magazine