Heterodox
A Half Century Since The Beginning Of The End Of The Post WW II Economic Order It was also on a Sunday, with financial markets closed, that August 15, 1971, when US President Richard Nixon gave a surprise address to the nation on economic policy. He made three announcements: 1) a 90-day wage-price freeze, 2) a10 percent across the board tariff on all imports, and most importantly, 3) the closing of the gold window meaning the US...
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