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From Bretton Woods to World Inflation A Study of Causes and Consequences
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The purpose of this book is to re~examine the consequences of the decisions made by the representatives of the forty~five nations at Bretton Woods,
New Hampshire, forty years ago. These decisions, and the institutions set up to carry them out, have led us to the present world monetary chaos. For the first
time in history, every nation is on an inconvertible paper money basis. As a result, every nation is inflating, some at an appalling rate. This has brought
economic disruption, chronic unemployment, and anxiety, destitution, and despair to untold millions of families.
It is not that inflation had not occurred before the Bretton Woods Conference in July, 1944. Inflation's widespread existence at the time, in fact, was the very
reason the conference was called. But at that meeting, chiefly under the leadership of John Maynard Keynes of England, all the wrong decisions
were made. Inflation was institutionalised. And in spite of the mounting monetary chaos since then, the world's political officeholders have never seriously re~
examined the inflationist assumptions that guided the authors of the Bretton Woods agreements
HENRY HAZLITT - Personal Name
2nd Edition
0-89526-617-2
NONE
From Bretton Woods to World Inflation A Study of Causes and Consequences
Economics
English
1984
1-184
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