Word: cortney
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Dates: during 1960-1969
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...French Economist Jacques Rueff, who masterminded De Gaulle's successful currency reform plan, urges complete scrapping of the managed-money system and a return to the classical gold standard-a step that he argues would stimulate the international flow of capital and trade. This is supported by Philip Cortney, president of Coty Inc., who also wants the support price of gold raised to $70 an ounce, thus doubling the value of the diminishing U.S. reserve...