I haven't seen any serious discussion on the Bretton Woods monetary system on this forum, arguably one of the most important economic developments in the 20th century, as well as its demise in the 1970s.
Some economists argue that the repeal of Bretton Woods led to the financial deregulation and Wall St. feeding frenzy that we have today.
After the 2008 crisis, some world leaders such as Sarkozy stated that we need to think about re-instating a Woods-like system in order to prevent future financial catastrophes.
What are your guys thoughts on the subject?
Some economists argue that the repeal of Bretton Woods led to the financial deregulation and Wall St. feeding frenzy that we have today.
After the 2008 crisis, some world leaders such as Sarkozy stated that we need to think about re-instating a Woods-like system in order to prevent future financial catastrophes.
What are your guys thoughts on the subject?