After three months of conferences with 28 nations, the U.S. last week presented its revised, still tentative plan for postwar currency stabilization. Instead of easing, the new plan reinforces the fundamental point of the plan to which many a United Nation has objected: the U.S. insistence that gold play the dominant part in the operation of a world stabilization fund.
When British Economist John Maynard Keynes presented his proposal for a world bank (TIME, April 15), the U.S. Treasury's hard-working economist, Dr. Harry D. White, was ready with a tentative U.S. proposal...
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