From Gold to the Ecu: The International Monetary System in Retrospect
By Leland B. Yeager
This article appeared in the Spring 1996 issue of The Independent Review


During its heyday the international gold standard ushered in an era of growing personal freedom and expectations of continued material progress, agreed economists as diverse as John Maynard Keynes and Benjamin M. Anderson. Then, beginning in the 1920s and continuing through the Bretton Woods era, the intrusions of government regulation and monetary devaluation fostered decades of economic stagnation, financial instability, and international conflict.

Other Independent Review articles by Leland B. Yeager
    Summer 2000   The Collected Works of James M. Buchanan. Volume 1, The Logical Foundations of Constitutional Liberty
    Summer 1997   Utilitarianism As a Public Philosophy

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