Word: internationale
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Dates: during 1950-1959
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Not Too Soft. Bob Anderson had other complaints. European nations and Japan, said he, are not doing their share to bear the cost of help to the world's underdeveloped nations; they should take over a greater share of the burden from the U.S. To this end Anderson had...
As they met last week in Washington, delegates to the meeting of the World Bank and International Monetary Fund studiously avoided discussion of one subject: a change in the world's gold policy. Reason for the reticence: their host, the U.S. Treasury, is unequivocally opposed to any change. Since...
Talk about a change takes two forms. One is that the U.S. should junk its present managed-money system (in which gold is used only as a currency reserve and to settle international accounts) and return to the fully convertible gold standard, abandoned in 1933, under which dollars could be...
Among the chief advocates of a return to the full gold standard for both the U.S. and European nations are French Economic Adviser Jacques Rueff, the architect of France's successful financial-austerity program, and Philip Cortney, president of Coty, Inc. and chairman of the U.S. Council of the...
They, like the rest of a small but dedicated group of economists, believe that the gold standard is the only answer to the world's present monetary problems, such as inflation and a concentration of capital. They believe that a return to the rigid fiscal discipline of the gold...