The Secret Meeting that Transformed the World Economy

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; Jeffrey E Garten, Dean Emeritus, Yale School of Management, former Undersecretary of Commerce, and author of Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy Host: Philip Yun, President and CEO, World Affairs If you appreciate this episode and want to support the work we do, please consider making a donation to WorldAffairs. We cannot do this work without your help. Thank you.