The Economy: Changing the World's Money

The international monetary system is in ruins, and it will be necessary to reconstruct it.

—French President Georges Pompidou at his press conference last week

Not since John Maynard Keynes, Dean Acheson, Henry Morgenthau and politico-economic experts from 45 other countries huddled in the little New Hampshire resort town of Bretton Woods in 1944 has there been a monetary meeting like the one convening in Washington this week. John Connally, the tough but still charming Texan, will be there as the chief attraction, if one can put it that way. So will assorted treasury...

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