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by gumby
1257 days ago
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> This is maybe a chicken and egg phenomenon Unlike the chicken/egg situation we know precisely when this system was born: the Bretton Woods Conference, 1944. To some degree of course it recognized what was happening anyway (uh oh, chicken/egg is back) but rather than letting things evolve it built upon emerging practice to build the modern global financial system (basically still in place despite further evolution, like floating currencies). |
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