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The Future of the Dollar and American Foreign Policy
Tue, July 13th, 2021
Live Online
Fifty years ago this summer, the Nixon administration decided to decouple the dollar from its gold backing. This monumental decision took a sledgehammer to the Bretton Woods Agreement of 1944, sent shock waves throughout the global economy, upset foreign relations with America’s closest allies, and led to macroeconomic changes like floating exchange rates, accelerated globalization, and an era of burden sharing among key countries. Today the U.S. dollar faces another set of challenges—from escalating tensions with China, evolving digital currencies, new forms of protectionism, and America’s own political and institutional crises. Is Washington facing another historical turning point for both its currency and its foreign policy?
Join us for a special event featuring Fareed Zakaria, Gillian Tett, and Jeffrey Garten as they discuss Garten’s new book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
Event Speakers
Fareed Zakaria
Fareed Zakaria hosts Fareed Zakaria GPS for CNN Worldwide and is a columnist for the Washington Post and a bestselling author.
Gillian Tett
Gillian Tett is chair of the editorial board and editor-at-large, U.S. of the Financial Times. In 2019, Gillian co-founded FT Moral Money, a twice-weekly newsletter that tracks the ESG revolution in business and finance. Her most recent book published in June 2021, Anthro-Vision, looks at understanding markets, organizations, and businesses through an anthropological lens.
Jeffrey Garten
Jeffrey Garten is dean emeritus of the Yale School of Management, former undersecretary of commerce for international trade, and former managing director of the Blackstone Group.