When America Remade the World Economy

Aug 13, 2021 Jeffrey E. Garten

Over a single weekend in August 1971, US President Richard Nixon and a crack team of advisers set in motion developments that would inaugurate a new world order. Though there was little choice but to end the dollar’s convertibility into gold, how the US went about it holds lessons that remain valid today.

https://www.project-syndicate.org/onpoint/nixon-dollar-gold-standard-end-of-bretton-woods-by-jeffrey-e-garten-2021-08?utm_source=Project%20Syndicate%20Newsletter&utm_campaign=580ba6c492-op_newsletter_08_13_2021&utm_medium=email&utm_term=0_73bad5b7d8-580ba6c492-106440339&mc_cid=580ba6c492&mc_eid=4ddf8a88ec&barrier=accesspaylog

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