Totally disagree. First, the BW was NOT created with the USSR in mind. 1944. At that time not only were they our allies, but FDR thought he could “handle” Stalin. Moreover, a Soviet AGENT (White) and a globalist spooge (Keynes) were completely running BW. So absolutely they would not design anything to even address the USSR. Timing & people all wrong.
SpyNavy
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
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I have seen you mention American Betrayal by Diana West before.
I don't normally use the word, "Indispensable," but there is just no other way to describe this book. It answered so many questions which have puzzled me for decades about the odd happenings during and immediately following WWII, including the gift to Stalin, by FDR, of Eastern Europe.
Are you able to teach this book in a university setting?
Keynes and White were designers of Bretton Woods but you’re exaggerating Keynes’ influence. White’s plan for BW won out over Keynes.
Keynes’ plan, which he had developed with EF Schumacher, included a global clearing union that would use its own in-house currency, the Bancor, for settling international accounts. This would have served as reserve currency rather than the US Dollar.
Keynes’ proposal wasn’t accepted and Bretton Woods used Harry Dexter White’s plan instead.
Using Keynes’ Bancor as reserve currency could have spared the USD the pressure it came under from the Triffin Dilemma.
Triffin forced a choice between maintaining a dollar-gold link with low/no inflation, or incurring recessions due to the lack of dollars available for domestic use.
Keynes plan might have prevented our abandonment of the gold link and the resulting inflation since 1971. But since it wasn’t tried we don’t know.
Here’s the link to a paper giving some background on the White vs Keynes debate:
Why White, Not Keynes? Inventing the Postwar International Monetary System
https://www.imf.org/external/pubs/ft/wp/2002/wp0252.pdf