Why Stability is Unpopular

Paul Einzig

Chapter Chapter Two in The Case against Floating Exchanges, 1970, pp 10-18 from Palgrave Macmillan

Abstract: 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 (search for similar items in EconPapers)
Date: 1970
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-00681-6_2

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DOI: 10.1007/978-1-349-00681-6_2

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