RT @MiriamBrett
The Bretton Woods institutions were created to suit an old world. Today’s unprecedented challenges could be a cause to redesign the governance of the global economy.
Another great read by @KateAronoff@twitter.com, with quotes from the exceptional @AsianPeoplesMvt@twitter.com. https://newrepublic.com/article/157328/world-order-broken-coronavirus-proves-it
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@JayatiGhosh @MiriamBrett "a gold standard whose built-in scarcity ethic was credited with fueling first deflation and then fascism in Europe" : this is flat out wrong. The first move away from gold started in ww1 and happened again in ww2.
Deflation is a good thing.
Shit hit the fan after us went off the gold standard in 1971. Look up the charts on wtfhappenedin1971.com
@JayatiGhosh @MiriamBrett https://wtfhappenedin1971.com/