Business: Money Matters

Assembled in Basle last week for the monthly board meeting of the Bank for International Settlements ("The World Bank"), bankers of Europe spent a large part of their expensive time sputtering about those incomprehensible Americans. It seemed that in trying to uphold its leg of the three-way gold accord with Britain and France, the U. S. was making the game of international finance entirely too complicated. One banker, related the New York Times, told a story about the governor of a small European central bank "who had come to the World Bank in despair,...

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