Slower Progress Since ’71? Floating Dollar Begs for Attention

Economists and their obtuse theories have been the overwhelming driver of reduced progress since 1971. Market-friendly economists (think Milton Friedman) are paradoxically the biggest offenders since they convinced President Nixon to trade dollar-price-stability for dollar chaos. But we’re getting ahead of ourselves…

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Author

  • John Tamny

    John Tamny is Founder and President of the Parkview Institute, editor of RealClearMarkets, senior fellow at the Market Institute, and Senior Economic Adviser to mutual fund firm Applied Finance Group. Tamny is the author of eight books. His latest is The Deficit Delusion: Why Everything Left, Right and Supply-Side Tell You About the National Debt Is Wrong. His others are Bringing Adam Smith Into the American Home: A Case Against Home Ownership, The Money Confusion, When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason, Popular Economics, Who Needs the Fed?, The End of Work, and They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers.

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