Professor Kaiser has characterized Nixon's overture to China in 1971 as courageous, in terms strictly of domestic politics, it seems.
How did our erstwhile Asian ally, Japan, view Nixon's overture? Betrayal.
Of course, Japan had been trading with China, through the back door, so to speak, for decades. Terms search: playing three sides.
Was it merely a coincidence that Nixon had gone off the faux gold standard at about the same time, or was there some connection between the two?
Take a guess which.
Extra credit: Why did we boom post war Japan in the first place?
Extra extra credit: What was wrong with the Morgenthau Plan anyway?
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