Bursting the Bubble

Tag Archives: European Monetary Union

Economic and Monetary Union (EMU), and the World

11 October 2016 | by

Since the advent of the Bretton Woods System when the dollar was issued as an international reserve currency, Europeans especially the French, decried ‘le privilege exorbitant’ of the US. Indeed, the exorbitant privilege was used and misused throughout the 1960s, to pay for Johnson’s New Society and for the Vietnam war. This currency power has […]