Dan Drezner started a post with the Triffin dilemma, so I figure I too can digress into the realm of history. The Bretton Woods system of fixed exchange rates (Bretton Woods 1) collapsed, in some ...
I don’t think that Nouriel Roubini and I ever argued Bretton Woods 2 – an international monetary system based on central bank financing of the US deficit -- would absolutely collapse by the end of ...
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