Word: suardus
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Dates: during 1965-1965
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...than in heading off inflation. He would keep the current monetary system largely intact but limit the amount of dollars and sterling that countries can hold in their reserves. He calls for a ratio of one-third currency, two-thirds gold. Blessing is basically endorsing an idea conceived by Suardus Posthuma, former managing director of The Netherlands' central bank-but Posthuma proposes a 60-40 ratio in favor of gold. Either proposal would prevent countries from accumulating big, inflationary piles of dollars, would also head off crises by forcing all countries to cure their deficits before they grew dangerously...
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