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Thursday, February 23, 2012

Bretton Woods Gott DAMN

A long lost eight hundred page real-time transcript of the Bretton Woods conference has been found. Although Keynes advocated the creation of the "bancor" world currency and an international clearing union incomparably more progressive than the IMF, the Bretton Woods system is often wrongly characterized as a Keynesian triumph rather than the best compromise Keynes could wrangle, and it is much to be hoped that this wrangling will now be more visible, since accounts of Bretton Woods have hitherto been highly interested even when interesting secondhand recollections rather than the sort of first hand accounts a transcript should provide. Is it wrong that I am so excited?

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