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To: Paleo Conservative

The original Bretton Woods system broke down because the Eurodollar markets developed despite U.S. exchange controls. This would be a fool's errand, and economically foolish to boot.


5 posted on 11/28/2006 10:07:27 AM PST by untenured
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To: untenured

Wouldn't you consider Bretton Woods killed by Nixon taking the USA off the gold standard. That ended the gold link. I think the floating started shortly there after.


10 posted on 11/28/2006 10:15:14 AM PST by Jack Black
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