Mon, 16 August 2021
On a Sunday night in 1971, many Americans were at home watching “Bonanza” when President Nixon interrupted the broadcast to share some urgent news. He was taking the US off the gold standard, a move that completely upended the world’s economic order and became part of a series of policy changes that became known as “the Nixon Shock.” In this episode, NPR’s Chief Economics Correspondent Scott Horsley talks with Jeffrey Garten, former Undersecretary of Commerce in the Clinton Administration, about what this move meant for the US economy and its implications today.
Guests: Scott Horsley, NPR's Chief Economics Correspondent;
Host: Philip Yun, President and CEO, World Affairs
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