Word: nixonism
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...came the now famous quote from economist Milton Friedman: "We are all Keynesians now." Friedman later objected that it was taken out of context--all he meant was that everybody used Keynesian language and concepts. But the phrase stuck. It's often attributed these days to Republican President Richard Nixon, but what Nixon actually said, in 1971, was the less expansive "I am now a Keynesian...
Politicians have been calling their voters the salt of the earth--and delegitimizing the other guy's--since Richard Nixon's Silent Majority and before. But now they're abetted by a political press that dotes on a nostalgic definition of realness that bears ever less relation to today's America...
Controversy comes naturally to director Oliver Stone - particularly when it concerns movies about presidents. In 1991, JFK envisioned a Daley Plaza assassination incorporating a government conspiracy and multiple shooters. In 1995, Nixon theorized as to what was to be found on those missing minutes from the White House tapes (a revelation about a covert CIA operation in Cuba that was launched during the Eisenhower years, was known of by Nixon, and subsequently led to the killing of President Kennedy...
...Bretton Woods system itself collapsed in 1971, when President Richard Nixon severed the link between the dollar and gold - a decision made to prevent a run on Fort Knox, which contained only a third of the gold bullion necessary to cover the amount of dollars in foreign hands. By 1973, most major world economies had allowed their currencies to float freely against the dollar. It was a rocky transition, characterized by plummeting stock prices, skyrocketing oil prices, bank failures and inflation...
...perhaps no surprise that the Al Smith Dinner, which gives candidates the chance to hobnob with Catholic opinion leaders just weeks before an election, became what Theodore White called "a ritual of American politics." John Kennedy and Richard Nixon were the first contenders for the White House to share the dais at the event in 1960. Over the next two decades it was a standard campaign stop, a light-hearted evening to honor the memory of the first Catholic to win a major party's presidential nomination...