President Richard Nixon (2nd L) poses at the White House with four government officials he had named as his economic quadriad, (L–R) Federal Reserve Board Chairman William McChesney Martin Jr., Treasury Secretary David M. Kennedy, Budget Director Robert Mayo, and Council of Economic Advisers Chairman Paul McCracken, on Jan. 23, 1969. AP Photo/Harvey Georges
The postwar trading order is taking on an entirely new shape. We can put brackets around the old one, like a tombstone: 1944–2025. Having known some of the economists and statesmen who put together the old order, I’m in a position to explain what they had in mind and also what went wrong with it. What will replace it is still very much in flux, but the outlines are being drawn daily.
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
