1/2. Ideology dictates one’s masters! The Cambridge economist’s idea („Bancor“) was dismissed in favor of the monetarist gold standard in 1944 (Bretton Woods). And the critical yet insightful perspective of the Belgian-American economist Robert Triffin on the new monetary system, as presented in his book „Gold and the Dollar Crisis: The Future of Convertibility“ (1960), was dismissed in the name of the eminently political „mainstream“ approach…
