Fifty years later, Nixon’s ‘August surprise’ still reverberates

Thus did Richard M. Nixon revolutionize global economics 50 years ago this month — on Aug. 15, 1971. Yet, as the parallels between the “Nixon shock” and former president Donald Trump’s policies show, international economic imbalances, and the disruptions they spawn, are with us still. For that reason alone the episode merits remembering, and reconsideration.

Source: WP