> Ending Bretton Woods was voluntary. "You can't fire me, because I quit" - It's as voluntary as that, i.e., not. There were good reasons to have something clo

> Ending Bretton Woods was voluntary. "You can't fire me, because I quit" - It's as voluntary as that, i.e., not. There were good reasons to have something close to a Gold standard in place but it just could not be maintained as the quantity of money in circulation increased continuously. > If economists at a central bank can foresee a crisis, the crisis doesn't happen. That does not address the fact that they didn't foresee it. > If you want to prevent crises, you need to put regulation up Or you just don't finance crises by having a naturally determined interest rate (instead of one determined by the central bank). > the currency race to the bottom I mean the fact that every major central bank inflates its balance sheet in order to decrease the value of its currency and "stay competitive". Your comment is very condescending.