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AI Summary
- George Shultz's economic philosophy: Powell, Rice, and Boskin examine Shultz's career from labor economist at MIT/Chicago to cabinet positions during Nixon and Reagan eras, shaped by free market beliefs and personal integrity
- Key policy battles and achievements: Panel discusses Shultz's opposition to wage-price controls, gold window closure, inflation management, and roles in desegregation and collective bargaining
- Diplomatic legacy: Shultz's famous economic tutorials with Mikhail Gorbachev in the Kremlin demonstrated how his philosophy of 'trust as the coin of the realm' guided half a century of American policy