Evidence receipt / belief
Published · transcript-backedAdam Tooze: belief
6 May 2020 Conversations with Tyler Adam Tooze on our Financial Past and Future
“Immediately, now we know from all of the great recent work supported by various types of swap line arrangement, by ’67, clearly almost dead in the water, and then in ’71, just tossed overboard by the next administration. Funny kind of regime that, I would say.”
Source trail
Everything needed to verify it.
- Speaker
- Adam Tooze
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 6 May 2020
- Publisher
- Conversations with Tyler
Transcript context
…Why? Overrated when you think of the Bretton Woods arrangement as something that existed between 1944 and, say, 1971. But that’s one of the most common, clichéd errors that you could make in international political economy. No such system ever existed. Agreed, attempted, and then broken by the British panic in ’47, not then reinstituted until convertibility in ’58. Immediately, now we know from all of the great recent work supported by various types of swap line arrangement, by ’67, clearly almost dead in the water, and then in ’71, just tossed overboard by the next administration. Funny kind of regime that, I would say. And all together, that, to me, suggests the need to think of international economic history not in terms of big lumpy regimes, which have a certain logic that governs them, but more as a sort of continuous re-improvised makeshift. The League of Nations — overrated or underrated?…
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