Lessons in Nixon’s currency flopPUBLISHED: 07 Apr 2010 00:06:42 | UPDATED: 07 Apr 2010 06:50:22PUBLISHED: 07 Apr 2010 PRINT EDITION: 07 Apr 2010
Richard Nixon is making a comeback. He believed international monetary relations were unlikely to be transformed by talking, opting instead for radical unilateral action. Today, pressure is increasing for the US Treasury to follow Nixon’s misguided example.
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