Webinar

The Dollar in American Foreign Policy: A Look Back and Ahead

Tuesday, June 29, 2021
Ian Waldie/Getty Images
Speaker
Jeffrey E. Garten

Dean Emeritus, Yale School of Management

Presider

Senior Fellow and Director of International Economics, Council on Foreign Relations

Jeffrey E. Garten, dean emeritus at the Yale School of Management and a former undersecretary of commerce for international trade, is the author of the forthcoming book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy. Garten discusses the historical consequences of the Nixon administration’s decision fifty years ago to sever the dollar from its gold backing and the challenges the fiat dollar faces now and going forward.

Top Stories on CFR

Netherlands

Far-right candidate Geert Wilders emerged as the biggest political force in Dutch politics in November’s general elections. What does his win mean for the Netherlands and Europe?

Myanmar

Myanmar's military has recently suffered a string of defeats—but the U.S. government seems unprepared to face the country's potential state collapse.

Ukraine

The authors, including a former Minister of Justice and Attorney General of Canada, UN Undersecretary-General for Legal Affairs, Founding Chief Prosecutor of the UN Special Court for Sierra Leone, and the inaugural U.S. Ambassador at Large for War Crimes Issues, urge the imperative of prosecuting alleged Russian crimes of aggression in Ukraine, and present two practical options for doing so.