American Thinker Reviews The Bretton Woods Transcripts

On the American Thinker Web site, Jon Decker says of The Bretton Woods Transcripts,

This is an invaluable primary source.

Schuler and Roserberg have done both historians and policy makers a signal service with this meticulously-edited edition.

Decker focuses on the difference between the pre-World War I “classical” gold standard on the one hand and the interwar and Bretton Woods “gold exchange” standards, where the U.S. dollar (and in the interwar period the pound sterling and French franc) vied with gold for dominance in central bank holdings of foreign reserves. Overreliance on the dollar turned out to be a weak point in the architecture of the Bretton Woods system.

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About Kurt Schuler

Kurt Schuler, co-editor of The Bretton Woods Transcripts, is Senior Fellow of Financial History at the Center for Financial Stability and an economist in the Office of International Affairs at the United States Department of the Treasury.