Global I.q. Minute With Jim Falk

Fisher and Garten will discuss Garten’s new book, THREE DAYS AT CAMP DAVID, which describes how and why the Nixon administration broke the link between the dollar and gold, setting shock waves throughout the world economy and upending America’s most important political and military alliances. They will explain why this decision was perhaps the biggest one ever made in the international monetary system since the Bretton Woods Agreement of 1944, how it led to floating exchange rates, to more financial engineering, more intense globalization, and even to the emerging world of crypto and digital currencies. And they will examine the challenges to the dollar today, from China, from new forms of currency, from new kinds of protectionism, and from dysfunctional elements of our political system and institutions. Jeffrey Garten is the former dean of the Yale School of Management, undersecretary of commerce for international trade, and managing director of the Blackstone Group. He now teaches courses at Yale on the gl