It seems amazing that you could have this whole conversation without mentioning Bretton Woods. The entire transcript from the Bretton Eoods conference is online. When one reads the transcript. It is clear the McNamara had clear order to make sure USD was declared to be the international currency for trade settlement. And todefeat Keynes’ alternative proposal to use a basket of currencies. So that was quite intentional and planned.
It seems amazing that you could have this whole conversation without mentioning Bretton Woods. The entire transcript from the Bretton Eoods conference is online. When one reads the transcript. It is clear the McNamara had clear order to make sure USD was declared to be the international currency for trade settlement. And todefeat Keynes’ alternative proposal to use a basket of currencies. So that was quite intentional and planned.