Beware of romanticising the legacies of Bretton Woods

I have an op-ed in today’s AFR marking the 75th anniversary of Bretton Woods. I argue that the nostalgia for Bretton Woods is misplaced and we should instead celebrate the 1969 Oyster Bay and Burgenstock conferences that laid the intellectual groundwork for floating exchange rates.

Text below the fold.

posted on 26 July 2019 by skirchner in