Inside the Nixon Administration (Hardcover)

Language: English

Published by University Press of Kansas, Kansas, 2010

0700617302 / 9780700617302

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Hardcover. As chairman of the Federal Reserve Board in the seventies, Arthur Burns had a unique view of the Nixon administration. Burns first joined the Nixon administration as an advisor in 1969 and was privy to the dynamics of the president's coterie over the course of six tumultuous years. Now the recently released secret diary of this top-level economist offers a surprisingly candid inside look at Richard Nixon's fall.The diary tracks Burns's growing awareness of Nixon's behind-the-scenes maneuverings and worrisome behavior (such as "insane shouting") and reveals how such things undermined his respect and enthusiasm for the president. Perhaps even more telling, Burns's evaluations of his colleagues provide piercing insights into the president's inner circle, including Henry Kissinger ("a brilliant political analyst, but admittedly ignorant of economics"), George Schultz ("a no less confused amateur economist"), John Connally ("a thoroughly confused politician"), and the "vulgarians" H. R. Haldeman and John Ehrlichmanthe only people he thought Nixon felt relaxed around.The Burns diary also offers rare and telling glimpses into the era's economyparticularly an account of how Nixon exerted political pressure to shape monetary policies that helped to fuel the stagflation of the 1970s. The administration sought to close the so-called gold window, an approximate valuation of dollars with gold bullion, by floating the dollar, and the consensus over many years has been that Nixon himself arranged thisspeculation now confirmed by Burns's diary. It also underscores the growing pressure Burns felt to serve the needs of Nixon's reelection bid rather than the economic welfare of the nation.Sequestered for decades and unavailable until 2008, this document reveals an honest and relatively apolitical man surrounded by partisans in top administrative positions who were dishonest, ineptor both. "The President has many shortcomings," wrote Burns. "He has few convictions, but now and then he gets into a euphoric mood where he wants to persuade himself that he's a statesman. But his sycophantic advisers cannot even recognize that."Deftly annotated by distinguished historian Robert Ferrell, who provides effective historical context and perspective, the Burns diary is a potentand poignanttestament to the Machiavellian and often Byzantine world of American presidential politics. The until now secret diary of top-level economist Arthur Burns, chairman of the Federal Reserve Board in the Nixon administration. Provides keen insights into the dynamics and undoing of NIxon's inner circle and reveals how the president exerted political pressure to shape monetary policies that helped to fuel 1970s "stagflation." Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…

Seller Inventory # 9780700617302

Title
Inside the Nixon Administration (Hardcover)
Author
Robert H. Ferrell
Publisher
University Press of Kansas, Kansas
Publication year
2010
Condition
new
Binding
Hardcover
Language
English
ISBN 10
0700617302
ISBN 13
9780700617302

AussieBookSeller

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