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What if Keynes Had Won the Argument on a Global Currency?

The Breton Woods conference of 1944 is best remembered for establishing the IMF, World Bank and WTO. But the conference also saw John Maynard Keynes make a fascinating proposal for a global currency, a proposal the United Kingdom adopted as its official negotiating policy. Keynes lost the argument to the U.S. representative Harry Dexter White, but...

February 19, 2014
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Would Dissolving the Euro be Good for the EU?

It may not be the headline news, it was in the summer of 2012, but the eurozone is still in crisis. Unpopular technocratic governments remain in place, Greece and Cyprus are still propped up by Germany's whims as lender, and unemployment remains spectacularly high in Spain. The upshot is a crumbling of support for the EU across the continent. There...

January 26, 2014
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