The American Default
(Come Roosevelt nel 1933 uscì dal Gold Standard per fare espansione monetaria, svalutare e portare gli US fuori dalla crisi. Il ruolo di Warren e Keynes)
(Come Roosevelt nel 1933 uscì dal Gold Standard per fare espansione monetaria, svalutare e portare gli US fuori dalla crisi. Il ruolo di Warren e Keynes)
1. The Untold Story of FDR and the Battle Over Gold
First of four excerpts from “American Default,” on one of the strangest and most enduring chapters of the Roosevelt era.
bloomberg.com/view/articles/…
First of four excerpts from “American Default,” on one of the strangest and most enduring chapters of the Roosevelt era.
bloomberg.com/view/articles/…
2. When Franklin Roosevelt Dropped a Bombshell on Gold
The global reaction in fall 1933 was calm bewilderment.
Second of four excerpts from “American Default.”
bloomberg.com/view/articles/…
The global reaction in fall 1933 was calm bewilderment.
Second of four excerpts from “American Default.”
bloomberg.com/view/articles/…
3. The Gamble: If Gold Won’t Go Up, Push the Dollar Down
Dean Acheson thought Roosevelt’s plan in 1933 was a “sham”
Part three of “American Default”
bloomberg.com/view/articles/…
Dean Acheson thought Roosevelt’s plan in 1933 was a “sham”
Part three of “American Default”
bloomberg.com/view/articles/…
4. Victory in Gold Battle Saved the New Deal
Keynes weighs in, the Supreme Court acts and FDR triumphs.
Last of four excerpts from “American Default”
bloomberg.com/view/articles/…
Keynes weighs in, the Supreme Court acts and FDR triumphs.
Last of four excerpts from “American Default”
bloomberg.com/view/articles/…
The first full year of recovery was 1934. Output was up in almost every sector, unemployment declined, and prices began to recuperate. As Friedman, Bernanke and Meltzer, among others, have emphasized, the most important factor was a profound change in monetary policy ...
