James T. Patterson Quote
In January 1971 he startled the newsman Howard K. Smith by telling him, I am now a Keynesian in economics, and in August he jolted the nation by announcing a New Economic Policy. This entailed fighting inflation by imposing a ninety-day freeze on wages and prices. Nixon also sought to lower the cost of American exports by ending the convertibility of dollars into gold, thereby allowing the dollar to float in world markets. This action transformed with dramatic suddenness an international monetary system of fixed exchange rates that had been established, with the dollar as the reserve currency, in 1946.
James T. Patterson
In January 1971 he startled the newsman Howard K. Smith by telling him, I am now a Keynesian in economics, and in August he jolted the nation by announcing a New Economic Policy. This entailed fighting inflation by imposing a ninety-day freeze on wages and prices. Nixon also sought to lower the cost of American exports by ending the convertibility of dollars into gold, thereby allowing the dollar to float in world markets. This action transformed with dramatic suddenness an international monetary system of fixed exchange rates that had been established, with the dollar as the reserve currency, in 1946.
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About James T. Patterson
James Patterson (born 1947) is an American author.
James or Jim Patterson may also refer to:
James or Jim Patterson may also refer to: