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Liquidity Proposals for a New Bretton Woods Plan

In: Inflation, Open Economies and Resources

Author

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  • Paul Davidson

Abstract

The current international monetary crisis should be obvious to all — even to the most dedicated Monetarist. But Monetarists justify this international chaos as the bitter medicine that must be swallowed to purge the international economic system of its follies of the last four decades. (Monetarists ignore the fact that in the 25 years after the second World War, the world experienced the greatest real growth in the history of mankind).

Suggested Citation

  • Paul Davidson, 1991. "Liquidity Proposals for a New Bretton Woods Plan," Palgrave Macmillan Books, in: Louise Davidson (ed.), Inflation, Open Economies and Resources, chapter 19, pages 225-235, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-11516-7_19
    DOI: 10.1007/978-1-349-11516-7_19
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