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If America had not forced the gold standard we might have gotten an international currency as proposed by Keynes. The idea was soundly rejected because it woul
by upboundspiral 1mo ago
If America had not forced the gold standard we might have gotten an international currency as proposed by Keynes.
The idea was soundly rejected because it would have led to rapid post war reconstruction with a loss of American power (they wanted to play at empire).
http://www.sofer.com/blog/keynes-on-the-balance-of-trade.html http://www.sofer.com/blog/keynes-on-the-balance-of-trade.htm...
edit: some links from the world economic forum (in favor of it)
https://www.weforum.org/stories/economic-growth/yanis-varoufakis-imagining-a-new-keynesian-bretton-woods/ https://www.weforum.org/stories/economic-growth/yanis-varouf...