Nixon

In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War. The U.S. was already the world’s commercial powerhouse, having eclipsed the …

Economic history is primed to repeat in the nastiest of ways unless the government stops distorting the price of something we use every day. Every product, good, or service has a price, which is essential to rational decision-making. We use prices every day as vital data that guide us. Without true prices, prices not distorted …