Here are some brief thoughts on the monetary system’s role in repeated economic crisis in the last 40 years.
I am back from my winter break in sunny Mexico. And I have my thought process nearly done for the Ten Surprises of 2014 post. I know it’s a bit far into 2014 to post this but the data at the beginning of the year were so uncertain, it was hard to make any good calls. Now almost two months in, the year is taking better form. Emerging markets, China, the US and Europe all seem a bit more understandable.
And that leads me to today’s topic: crisis in the post-Bretton Woods age. During the post-World War II period, there were no major crises despite the fact that we had a nuclear standoff between the Soviet Union and the United States and despite the disintegration of the British Empir...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.