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Why Stability is Unpopular

  • Paul Einzig

Abstract

Stability of exchange, achieved and, on the whole, maintained under the Bretton Woods system, is becoming increasingly unpopular — even more so than stability under the gold standard had been. Opposition to it is becoming increasingly vocal and militant, and some of it comes from quite unexpected academic quarters. The general public, without being able to follow the intricacies of the technical and often deliberately obscurantist arguments involved, seems to be yielding gradually to the hypnotic effects of frequently repeated demagogic slogans in favour of flexible exchanges.

Keywords

Member Country Support Point Hypnotic Effect Member Government Bretton Wood System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Paul Einzig 1970

Authors and Affiliations

  • Paul Einzig

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