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The Future of the US Dollar and a World in Debt

Jeffrey Garten links lessons from the 1971 decoupling of the gold standard to today’s challenges in an exclusive conversation with Council President’s Club and leadership members.
A stack of US one dollar bills
Madison Kaminski
Jeffrey Garten
Thomas Friedman
Date and Time
Via Zoom


  • Members $0
This discussion is an exclusive opportunity provided to President’s Club and leadership members, and will be facilitated through Zoom’s Meeting format. The link for the program will be sent in a confirmation note upon registration.

Interested in increasing your support to the $1,000 President's Club level to attend? Contact Elizabeth Turcza at or +1 312-256-8559.

About This Event

With today’s global interconnectedness, geopolitical competition, and unprecedented government spending and money-printing to spur economic recovery, the US dollar is facing an uncertain future. Today’s reality calls back to a secret meeting held 50 years ago in Camp David in August of 1971 when President Richard Nixon broke the link between the dollar and gold. This signaled that the Bretton Woods era of international economy was over, shining light on the early roots of American retrenchment in world affairs. Fifty-years after Nixon’s meeting at Camp David, Council President’s Club and leadership members are invited to engage with Jeffrey Garten, former undersecretary of commerce in the Clinton administration, to discuss the “Nixon Shock”, the impact it carries on today’s dollar, and the Biden administration’s future engagement with the world.

Copies of Jeffrey Garten’s new book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, are available to purchase through our local book partner, The Book Cellar.

About the Speakers
Dean Emeritus, Yale School of Management
Jeffrey Garten teaches courses on the global economy at the Yale School of Management, where he was formerly the dean. He has held senior positions in the Nixon, Ford, Carter, and Clinton administrations, and was a managing director of Lehman Brothers and the Blackstone Group on Wall Street.
Foreign Affairs Columnist, New York Times
Thomas Friedman is an author, reporter, columnist, and the recipient of three Pulitzer Prizes. Since 1995, Friedman has written for the New York Times Foreign Affairs column, but also served as the Beirut bureau chief, Jerusalem bureau chief, Washington diplomatic correspondent, and the White House and economic correspondent.