The Dollar Problem and Its Solution: the Gold Standard

By |2016-05-25T12:56:29-05:00December 1st, 2011|Categories: Economics, Political Economy|Tags: |

  There is little new in this latest cycle of economic boom, panic, and bust. All of these cycles are linked to the life and death of the unstable post–World War II Bretton Woods monetary system. First came the crisis-ridden gold-dollar system from 1944 to 1971. Then came the rise of floating exchange rates [...]