Wednesday, May 4, 2011

contrast world financial order post WWI and WWII

in a word
  bretton woods dollar standard versus  old school gold standard

the history of the two post war decades one into the middle of the 50's prosperity
the other into the great depression

 too bad these lessons from contrast aren't hammered home

then idiotic talk about the early roaring 20's versus the early kold war late 40's
would replaced by a sober reverence for the gift of keynes