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In the summer of 1944, as Allied armies fought through Normandy, 44 nations gathered at a run-down hotel in New Hampshire to discuss the economic future of the world. What followed was the only ever formal attempt to reorder the international monetary system; one that seemed for a time successful until it collapsed unmourned in 1971. Together with the author Ed Conway, we look at the summit itself, the giant figures who dominated it (John Maynard Keynes and Harry Dexter White), what it concluded and why, ultimately, it failed.Produced by Jonathan Ford and Neil Collins.With Ed Conway.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.
It's no mystery where the IMF was born but its origin story might surprise you. While the spotlight was on the charismatic British economist John Maynard Keynes during the 1944 Bretton Woods Conference, a little-known American economist was working in the shadows. Harry Dexter White's plan would lead to the creation of the IMF and forever change the world economy. In this podcast, IMF historian and author, James Boughton speaks with Rhoda Metcalfe about how Harry White made history without making a splash. Transcript: https://bit.ly/456YgLB Read the article in Finance and Development: IMF.org/fandd James Boughton is also the author of Harry Dexter White and the American Creed
How Two Brothers Waged A ‘Secret World War’ In The 1950s | (wbur.org) The Dulles Brothers, Harry Dexter White, Alger Hiss, and the Fate of the Private Pre-War International Banking System – INTERNATIONALIST 360° (wordpress.com) Did The Dulles Brothers Seal Our Fate? | (paulcraigroberts.org) The Banana Wars: How The U.S. Plundered Central […] The post 1/3 *The Dulles Brothers Created the CIA Destroyed Central America and IRAN for USA Corporate Interests. Africa was being Colonized and the Dulles Brothers were destroying Cental America, Cuba, Haiti all of them. Banana Wars. appeared first on Psychopath In Your Life.
Enter the CFR book giveaway by February 13, 2024, for the chance to win one of ten free copies of The World That Wasn't: Henry Wallace and the Fate of the American Century by Benn Steil. You can read the terms and conditions of the offer here. Mentioned on the Episode Danny Rocco, Convention Benn Steil, The Battle for Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order Benn Steil, The Marshall Plan: Dawn of the Cold War Benn Steil, The World That Wasn't: Henry Wallace and the Fate of the American Century Oliver Stone, The Untold Story of American History Henry Wallace, “Text of Wallace Letter to Stalin Calling for Peace Program,” New York Times For an episode transcript and show notes, visit The President's Inbox at: https://www.cfr.org/podcasts/henry-wallace-and-origins-cold-war-benn-steil
Historically Thinking: Conversations about historical knowledge and how we achieve it
Henry Wallace was an Iowan, an accomplished geneticist who hybridized corn; an entrepreneur who co-founded Pioneer Hi-Bred to produce seed, still an agricultural behemoth; the third-generation of editors of an influential American newspaper; a mystic who had a mysterious guru; and a “liberal philosopher”, according to no less an authority than Franklin Delano Roosevelt. He was also at various times Secretary of Agriculture, Secretary of Commerce, Vice President of the United States, and a third-party candidate for President of the United States in the 1948 election. Like America, Henry Wallace contained multitudes. With me today is Benn Steil, author of The World That Wasn't: Henry Wallace and the Fate of the American Century. Benn Steil is a Senior Fellow and Director of International Economics at the Council of Foreign Relations. His previous books have been on the Marshall Plan, and on the financial arguments focused upon the Bretton Woods conference. In this book we have yet another study examining the central moment of the twentieth century–both chronologically as well as in many other ways–but from the extraordinary and idiosyncratic point of view of Henry Wallace. For Further Investigation For more on Wallace's Midwestern ethos, see my conversations with Jon Lauck about the Midwest: here, way back in Episode 13 (!!!), and again in Episode 299: The Good Country Benn Steill's previous books are The Marshall Plan: Dawn of the Cold War, and The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order Henry Cantwell Wallace (1866-1924): Secretary of Agriculture, father of Henry Cantwell Wallace "A Magazine Called Wallace's Farmer" The connection between George Washington Carver, Henry Wallace, and Norman Borlaug
This is the twenty-fourth installment in Eric's epic summer series covering the contentious and war-torn season of American history from 1914 to 1974. In this episode, he unpacks the intricate plans of Joseph Stalin and the Soviets to manipulate the American government and to steer it in the direction that was most advantageous to their agenda. Harry Dexter White, a government official high up in the U.S. State Department was the clandestine tool with which the Soviets used to pull off this ruse. Like America in the 1940s, we also have an enemy that is seeking to steer our lives into disaster. ------------For more information about Daily Thunder and the ministry of Ellerslie Mission Society, please visit: https://ellerslie.com/. If you have been blessed by Ellerslie, consider partnering with the ministry by donating at: https://ellerslie.com/donate/
In 1941, the US and Japan engaged in tense negotiations to avoid war, but failed. Jimmy Akin and Dom Bettinelli discuss who was responsible for that failure; whether the failure was intended; and what role Soviet agent Harry Dexter White played in all this.
In 1941, the US and Japan engaged in tense negotiations to avoid war, but failed. Jimmy Akin and Dom Bettinelli discuss who was responsible for that failure; whether the failure was intended; and what role Soviet agent Harry Dexter White played in all this. The post Pearl Harbor Conspiracy? (FDR, Advance Knowledge, Soviet Spy) appeared first on SQPN.com.
¿Quieres escuchar el audiolibro completo? Visita www.penguinaudio.comDe Jorge Volpi, autor de En busca de Klingsor y No será la tierra.Un manuscrito llega a un famoso editor norteamericano. Tras mandarlo dictaminar, la conclusión es evidente: el libro es una suerte de autobiografía de Jorge Volpi, un famoso operador de fondos de inversión quien, tras la crisis inmobiliaria, huyó por haber defraudado cerca de diez mil millones de dólares.El 17 de septiembre de 2008, dos días después de que se declarase la quiebra de Lehman Brothers, J. Volpi, uno de los genios financieros y mecenas de la ópera más respetados de Nueva York, abandonó intempestivamente sus oficinas de JV Capital Management. Ese mismo día las autoridades lo acusaron del desfalco de 15 mil millones de dólares.Tras un áspero proceso judicial, en 2013 se publica en Estados Unidos Memorial del engaño, la supuesta autobiografía enviada por J. Volpi a un agente neoyorquino. Con un tono que revela el cinismo propio de los "amos del universo" que lucraron sin límites durante la burbuja inmobiliaria, este libro es el recuento en primera persona de cómo una pléyade de expertos financieros, inversionistas, reguladores y políticos -y varios premios Nobel de Economía- orquestó una de las mayores catástrofes económicas de todos los tiempos.A diferencia de otras confesiones surgidas al calor de la crisis, Memorial del engaño es una poderosa historia de familia que adquiere los tintes de una novela negra. A la par de sus propias mentiras, J. Volpi devela las de su padre, un empleado del Departamento del Tesoro que durante la Segunda Guerra Mundial se desempeñó como asistente de Harry Dexter White, el creador del Fondo Monetario Internacional y el Banco Mundial. Al término del conflicto, los dos hombres fueron acusados de pertenecer al mismo círculo de espías comunistas.Entre un engaño y otro, este libro singular nos conduce de los secretos de alcoba de Wall Street al grupo de agentes soviéticos que fraguaron el capitalismo moderno, en un escalofriante catálogo de las duplicidades que anidan en el corazón del ser humano. See acast.com/privacy for privacy and opt-out information.
در اپیزود سوم فصل دوم، از کنفرانس برتون وودز و اهمیتش در روابط بین الملل حرف زدم، کنفرانسی که از اول تا بیست و دوم جولای برگزار شد و در اون نظم جدید مالیه ی بین المللی تاسیس تهيه كننده: علي رجب زاده طراح: سینا شکراللهی رسانه: نسترن ترابی با تشکر از کیان فرح زا Instagram | Twitter | Podcast Apps منابع: The Big Reset; Willem Middelkoop published by Amsterdam University Press The Economics of Money, Banking, Financial Markets; Frederic S. Mishkin Published by Columbia university The Battle of Bretton Woods: John Maynard Keynes , Harry Dexter White and Making of a new world order published by B e n n S T e i l نظریه ثبات هژمونیک و بحران در نظام اقتصاد جهانی؛ احمد ساعی و قاسم ترابی
The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on the World Bank for its resources.[1] Formed in 1944, started in 27 November 1945,[7] at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes,[8] it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system.source: wikipedia.com
“The anti-Trump conspiracy is not about Democrats versus Republicans. It's not about the ebb and flow of political power lawfully and peacefully transferred. It is about globalists versus nationalists, and they're locked in the old and continuous Communist versus anti-Communist struggle, and fighting to the end whether we, the anti-Communists, recognize it or not.” So writes, Diana West, the award-winning author of “The Red Thread: A Search for Ideological Drivers Inside the Anti-Trump Conspiracy” one of my guests on this week's show. It's a stark claim. And it demands that we look at the Trump impeachment in a whole new light, as part of a century long conflict to take America away from its constitutional roots, and towards globalism. Donald Trump is an enormous threat to this agenda. In this sense, he's a counter-revolutionary, seeking to protect the American nation from its globalist enemies, enemies not just from without, but from within. As Frank Gaffney, founder of the Center for Security Policy, and my other guest explains, “What I'm basically saying is that whichever of the isms we decide to label to this particular phase, we're dealing with basically totalitarianism, and the totalitarians have as part of their trade craft operating subversively.” What's astonishing today is that this agenda is now operating right out in the open with Alexandria Ocasio Cortez, the “squad”, and most of the Democratic Party's Presidential candidates. This war didn't start with Donald Trump. Diana and Frank share incredible stories of a century long struggle with our “enemy within.” Some samples: How William Wirt was the first American to be essentially destroyed by the media, for trying to tell the country about the revolutionary nature of the New Dealers. What was behind the recognition of the USSR in 1933. How the culture wars began in Hollywood in the 30s where stories of Soviet atrocities were kept off the silver screen. How Harry Hopkins engineered the covert sale of uranium to the Soviets Why Joe McCarthy had to be destroyed. How “two foundations of globalism, the United Nations and the IMF, these were actually brought into existence by two Soviet agents working inside, covertly, the United States government, Harry Dexter White and Alger Hiss.” Bringing this all up to today (starting at minute 38:45 through 45:30), is the influence of Reinhold Niebuhr, the man that James Comey, “to this day, honors as his deepest influence on his own theory of justice.” We learn that Niebuhr's notion of justice included “no right and no wrong. There are no moral absolutes.” Comey has written, paraphrasing Niebuhr, that “the Christian in politics must be willing to transgress any purely Christian ethic. He must be willing to sin in the name of justice.” These are chilling stories. What we're seeing now is not about “the ebb and flow of political power lawfully and peacefully transferred.” Instead, it's about a coup, a coup being staged all around Washington in various venues, and now in the Congress. Our century long struggle continues.
In which the American architect of post-World War II global capitalism turns out to have a dark and traitorous secret, and John imagines he would be a huge hassle for his spy handlers. Certificate #25923.
In 1944, representatives of the Allied nations met at Bretton Woods to develop plans for a post-war economic world order. Rules for the regulation of currency exchange & trade were developed, and institutions such as the IMF and the World Bank were created to oversee national lending and development projects. Guided by New Deal economists like Harry Dexter White and John Maynard Keynes, the hope was that this framework could could ensure a stable international order that would prevent another world war or a resurgence of fascism.In reality, the past half-century has been marked not by a (relatively) benign global Keynesianism, but by the adoption of neoliberal policies and subsequent explosion of unchecked capitalism. And at the heart of these policies? The very institutions designed to usher in a more peaceful world. Our guest, Michael Fellman, joins us today to discuss the history of one of these institutions—the IMF; its disastrous policies, and what a different policy agenda could accomplish.Mike Fellman is an economist and financial sector expert. He has worked at the International Monetary Fund and the Federal Home Loan Mortgage Corporation. (Freddie Mac) He holds a master's degree in economics from the University of Maryland. He can be reached on social media via @MikeFellman. Get full access to Historic.ly at historicly.substack.com/subscribe
News breakdown, social/political and comedic takes from the most consistent libertarians on the net. Support the channel with a donation: https://paypal.me/powerpassionpodcast https://www.pateron.com/user?u=20681507 Larry's Instagram: https://www.instagram.com/realm_of_irony/ Mason's Instagram: https://www.instagram.com/mason_devereux_smith/ Chicago 16th References (Sources): Ryan, Áine. 2019. "How Khloé Kardashian Found Out That Tristan Thompson Cheated On Her With Jordyn Woods". Celebrity.Nine.Com.Au. https://celebrity.nine.com.au/tv/khloe-kardashian-tristan-thompson-cheating-scandal-revealed/c4d9b164-763e-4c22-8fad-fab76849d199. ROSS, SEAN. 2019. "What It Would Take For The U.S. Dollar To Collapse". Investopedia. https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp. "Joint Comprehensive Plan Of Action". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Joint_Comprehensive_Plan_of_Action. "Harry Dexter White". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Harry_Dexter_White. "Fiat Money". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Fiat_money. "Reserve Currency". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Reserve_currency. Kubala, Jillian. 2019. "8 Symptoms Of Caffeine Withdrawal". Healthline. https://www.healthline.com/nutrition/caffeine-withdrawal-symptoms?fbclid=IwAR3cWwJDCVRaX0avq6DTsAckVQx2Lll-vTAffVXwo_ZWym40MEbdcMD2atk#section4. "Nuclear Proliferation". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Nuclear_proliferation. "Populism". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Populism. Shanahan, Rodger. 2019. "Does The US Even Have A Strategy For Dealing With Iran?". ABC News. https://www.abc.net.au/news/2019-06-24/donald-trumps-plan-to-bomb-iran-shows-strategy-gap/11240136. "Mercantilism". 2019. En.Wikipedia.Org. https://en.wikipedia.org/wiki/Mercantilism. AMADEO, KIMBERLY. 2019. "How A 1944 Agreement Created A New World Order". The Balance. https://www.thebalance.com/bretton-woods-system-and-1944-agreement-3306133. Images: Instagram Page. 2019. Instagram. Image. https://www.instagram.com/p/BykjcEhH_tE/. CNN. 2019. Alex Jones. Image. https://www.cnn.com/2019/06/18/media/alex-jones-lawsuit/index.html. Hyperinflation. 2019. Image. https://www.thebalance.com/what-is-hyperinflation-definition-causes-and-examples-3306097. IMF. 2019. Image. https://en.wikipedia.org/wiki/International_Monetary_Fund. Tom Cruise. 2019. Image. https://theplaylist.net/christian-bales-inspiration-for-20091022/.
The International Monetary Fund, is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944 at the Brenton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. --- Support this podcast: https://anchor.fm/AFDD/support
Hola Mi Gente Buen Día! Hoy hablamos de cambiar realidades y como un oficial desconocido logro posicionar su país como el centro de la economía mundial versus el economista más reconocido de su época. El articulo de hoy: https://en.m.wikipedia.org/wiki/Harry_Dexter_White https://en.m.wikipedia.org/wiki/Bretton_Woods_Conference https://www.npr.org/sections/money/2014/07/16/331743569/episode-552-the-dollar-at-the-center-of-the-world La musica de hoy: Little Busters de The Pillows Nuestro Facebook: https://www.facebook.com/MananasConLeo/
S03E02: Death and Taxes Featuring Hosts: Matt Carano, Tom Hudson, and Nick Boyle Engineered by: Matt Carano Produced by: Tom Hudson, Matt Carano, and Nick Boyle Featuring Hosts: Matt Carano, Tom Hudson, and Nick Boyle Engineered by: Matt Carano Produced by: Tom Hudson, Matt Carano, and Nick Boyle News Bearcat http://www.unionleader.com/safety/After-breaking-down-numerous-times-Nashua-to-purchase-new-Bearcat-for-301k-04062018 Sales Tax In Us http://www.unionleader.com/article/20180408/OPINION01/180409412/0/FRONTPAGE http://www.unionleader.com/Internet-sales-tax-in-U.S.-faces-a-Judgment-Day Death Penalty http://www.wmur.com/article/nh-house-committee-takes-up-death-penalty-repeal-bill/19681064 Medicaid http://nhpr.org/post/medicaid-expansion-clears-first-big-hurdle-nh-house#stream/0 Backpage.com seized by feds http://nh1.com/news/national-video/indictment-accuses-backpage-founders-of-aiding-prostitution-2 http://econlog.econlib.org/archives/2018/01/craigslist_redu.html Manchester homeless camps in the crosshairs http://www.unionleader.com/social-issues/manchester-camps-in-the-crosshairs-1-homeless-enclave-bulldozed-2-others-eyed-20180408 Events Freecoast Liberty Outreach Meetup 12th Exeter, 19th Hampton Matt's Crypto Talk Special Segment - Autocrat Of The Week Matt - Steve Marchand https://en.wikipedia.org/wiki/Steve_Marchand NH History Bretton Woods Conference 730 delegates from all 44 allied countries July 1st-22nd 1944 Hosted at the Mount Washington Hotel in Bretton Woods NH Main Objective: Establish a new international monetary order Lessons Learned from the past At the end of WWI the allies imposed large reparation payments. These payments were supposed to cover the debt accumulated by Allied forces during the war and help them pay to rebuild their countries.Result: Germany printed money to make the reparation payments causing hyperinflation. (e.g. 1 loaf of bread in 1918 ¼ of a Reichsmark, 1 loaf of bread in November 1923 80 billion Reichsmarks Most countries response to the Great Depression was trade restrictions(tariffs, quotas, etc) to improve account deficits and stop reserve loss. Retaliation against trade restrictions only pushed the level of restrictions to international trade higher and further suppressed output and employment in many countries. New realizations Even though the conference participants were dedicated to capitalism, John Maynard Keynes' economic ideas were flourishing(unfortunately). Keynes prescribed during recessions an increase in government spending, to prevent aggregate spending from falling. Reflecting the Keynesian ideas, the welfare state emerged out of the Great Depression. The two major personalities there were Keynes, representing Britain; and Harry Dexter White, representing the U.S. The British plan Keynes proposed an International Clearing Union (ICU) as a way to addressing current account imbalances. He wanted to avoid the reappearance of persistent and large current account deficits that happened during the interwar years (1918–1939), which increased countries' debt and debt payments and decreased growth at the global scale. Keynes thought of the International Clearing Union as a bank with its own currency (called Bancor), exchangeable with other currencies at a fixed rate. He proposed using Bancor to measure countries' trade deficits or surpluses. Countries with current account deficits would have an overdraft facility in their Bancor account with the ICU. He worked out specific numbers regarding the size of the overdraft facility. His proposal implied a maximum overdraft of half of the country's average trade size over five years. If a country needed funds higher than the overdraft, it would be charged interest, thus motivating the country to devalue its currency. Keynes's plan implied an interest charge of 10 percent if a country's current account surplus was more than half the size of its permitted overdraft; this solution would motivate these countries to lend more. At the end of the year, if the country had a current account surplus that was half the overdraft, the ICU would confiscate the surplus. The American Plan The U.S. agreed on the necessity of an agency to manage current account imbalances, but Keynes's idea of the ICU was too interventionist for the American side. Additionally, the U.S. saw itself as a surplus country in terms of its current account in the years to come and didn't want such interventionist ideas to be practiced on the U.S. White proposed the International Stabilization Fund (which later became the International Monetary Fund, or the IMF), which placed the burden of balancing current accounts on deficit countries and imposed no limits on surplus countries. White's Plan included a new multilateral development agency that would plan and finance economic reconstruction in all war-torn countries, allied or aggressor. The International Bank for Reconstruction and Development (IBRD, part of today's World Bank) emerged from the American ideas about reconstruction. Result Created the International Monetary Fund & World Bank IMF monitors exchange rates and lend reserve currencies to nations. World Bank provided financial assistance to reconstruction for countries post-WWII IMF pegged all currencies to the US dollar. The US dollar was pegged to gold. This ended in 1971 when Nixon got off the gold standard. Now all currencies “float” http://www.dummies.com/education/finance/international-finance/the-impact-of-the-bretton-woods-conference-in-1944/
On July 30, 1947, then Congressman Nixon was selected by Speaker of the House Joe Martin to to be one of the nineteen members of a select committee headed by Congressman Christian Herter to make a trip to Europe and prepare a report in connection with the post -war foreign aid plan that Secretary of State George Marshall unveiled at Harvard University in June of that year. “I learned a great deal from the Herter Committee trip,” Nixon later recalled. “I had taken a poll and found that 75 percent of my constituents in the 12th district [of California] were resolutely opposed to any foreign aid. This was the first time I had experienced the classical dilemma, so eloquently described by Edmund Burke, that is faced at one time or another by almost any elected official in a democracy: how much should his voters register his constituents’ opinions, and how much should they represent his own views and convictions? After what I had seen in and learned in Europe, I believed so strongly in the necessity of extending economic aid that I felt I had no choice but to vote my conscience and then try my hardest to convince my constituents.” On this edition of the Nixon Now Podcast, we discuss the history of the Marshall Plan with Benn Steil. Dr. Steil is senior fellow and director of international economics at the Council on Foreign Relations in New York. He is also the founding editor of International Finance, a scholarly economics journal; lead writer of the Council’s Geo-Graphics economics blog; and creator of three web-based interactives tracking Sovereign Risk, Global Monetary Policy, and Central Bank Currency Swaps. Prior to his joining the Council in 1999, he was director of the International Economics Programme at the Royal Institute of International Affairs in London. His previous book “The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order” was called “a triumph of economic and diplomatic history” by the Financial Times. His new book, which he discusses in this podcast is called the “The Marshall Plan: Dawn of the Cold War.” The Cold War historian John Lewis Gaddis calls the book “An Outstanding — and certainly timely — accomplishment. Former Federal Reserve Chairman Alan Greenspan, says this book “will open eyes and minds.” Highlights: — Overview of the state of post-war Europe — Political attitudes in the United States following World War II — Who was George Marshall? — Soviet activity in post-war Europe — The theory of containment. — How the Marshall Plan was devised — U.S. Congress’s reaction to the Marshall Plan, and other criticisms — The legacy of the Marshall Plan Interview by Jonathan Movroydis.
Benn Steil, author of the 2014 Lionel Gelber Prize shortlisted book “The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order”, speaks with Robert Steiner, Director, Fellowships in Global Journalism at the Munk School of Global Affairs.
Today on The Larry Kudlow Show, Larry talks with Patrick Brennan, Opinion Editor at National Review. Also on the show is Benn Steil, author of:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order." Dan Greenhaus, Managing Director & Chief Global Strategist at BTIG and Jeff Kleintop, Senior VP and Chief Global Investment Strategist @ Charles Schwab are also on the show. More great guests include Eliana Johnson, Washington Editor for National Review and Kori Schake,Research Fellow at Hoover Institution. As always, the great money/politics panel with Steve Moore and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Patrick Brennan, Opinion Editor at National Review. Also on the show is Benn Steil, author of:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order." Dan Greenhaus, Managing Director & Chief Global Strategist at BTIG and Jeff Kleintop, Senior VP and Chief Global Investment Strategist @ Charles Schwab are also on the show. More great guests include Eliana Johnson, Washington Editor for National Review and Kori Schake,Research Fellow at Hoover Institution. As always, the great money/politics panel with Steve Moore and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Patrick Brennan, Opinion Editor at National Review. Also on the show is Benn Steil, author of:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order." Dan Greenhaus, Managing Director & Chief Global Strategist at BTIG and Jeff Kleintop, Senior VP and Chief Global Investment Strategist @ Charles Schwab are also on the show. More great guests include Eliana Johnson, Washington Editor for National Review and Kori Schake,Research Fellow at Hoover Institution. As always, the great money/politics panel with Steve Moore and John McIntyre. All this and much more on The Larry Kudlow Show!
The functioning of the global economy remains as relevant a topic as ever before. Commentators continue to debate the causes and consequences of the financial crisis that hit the United States from 2007-2008. They also continue to ask questions such as: How long will China keep purchasing the treasury bonds that the U.S. government needs to help finance its ever-increasing debt? Just how long can the dollar remain the global reserve currency before being replaced by another national currency or some sort of international monetary unit? Will the global flows of capital facilitated by “free-floating” exchange rates eventually undermine the healthy functioning of international economy and usher in another global depression? In his new book The Summit: Bretton Woods, 1944 (Pegasus Books, 2014), journalist Ed Conway uses the story of the Bretton Woods Summit to help readers better understand the difficulties involved in creating a stable and prosperous global monetary system. In easy-to-follow and engaging prose, he recounts the rise and fall of the gold standard. Drawing on many previously unused sources, he also explains how actors as different as the British economist John Maynard Keynes and U.S. treasury official Harry Dexter White worked to create a more flexible, cooperative global monetary system that would prevent future World Wars and Great Depressions. Conway’s section on the Summit tells the fascinating stories of how the participants ended up creating the Bretton Woods framework by linking the dollar to gold and creating the International Monetary Fund and World Bank. Unlike many accounts of the Bretton Woods Summit that paint the gathering as a dull economic conference, Conway’s book succeeds in portraying the human drama of the event and the complex ways that personalities influenced the final agreements. In ways that will appeal to the general reader and expert alike, he embeds his cogent economic analysis within stories as diverse as the drinking songs that attendees belted out at the Mount Washington Hotel bar and the volleyball match that took place between U.S. and Soviet officials. A magician and dance instructor also make appearances in the story. Like any good book should, Conway gives readers much food for thought. While the Bretton Woods framework had many faults, it largely coincided with the longest economic expansion in human history. Even if this framework’s inherent limitations make it an impractical option today, policymakers would be wise to reflect on how their predecessors worked to promote global economic stability. As history shows, they could do worse than the motley collection of individuals who came to Bretton Woods in 1944. Learn more about your ad choices. Visit megaphone.fm/adchoices
The functioning of the global economy remains as relevant a topic as ever before. Commentators continue to debate the causes and consequences of the financial crisis that hit the United States from 2007-2008. They also continue to ask questions such as: How long will China keep purchasing the treasury bonds that the U.S. government needs to help finance its ever-increasing debt? Just how long can the dollar remain the global reserve currency before being replaced by another national currency or some sort of international monetary unit? Will the global flows of capital facilitated by “free-floating” exchange rates eventually undermine the healthy functioning of international economy and usher in another global depression? In his new book The Summit: Bretton Woods, 1944 (Pegasus Books, 2014), journalist Ed Conway uses the story of the Bretton Woods Summit to help readers better understand the difficulties involved in creating a stable and prosperous global monetary system. In easy-to-follow and engaging prose, he recounts the rise and fall of the gold standard. Drawing on many previously unused sources, he also explains how actors as different as the British economist John Maynard Keynes and U.S. treasury official Harry Dexter White worked to create a more flexible, cooperative global monetary system that would prevent future World Wars and Great Depressions. Conway’s section on the Summit tells the fascinating stories of how the participants ended up creating the Bretton Woods framework by linking the dollar to gold and creating the International Monetary Fund and World Bank. Unlike many accounts of the Bretton Woods Summit that paint the gathering as a dull economic conference, Conway’s book succeeds in portraying the human drama of the event and the complex ways that personalities influenced the final agreements. In ways that will appeal to the general reader and expert alike, he embeds his cogent economic analysis within stories as diverse as the drinking songs that attendees belted out at the Mount Washington Hotel bar and the volleyball match that took place between U.S. and Soviet officials. A magician and dance instructor also make appearances in the story. Like any good book should, Conway gives readers much food for thought. While the Bretton Woods framework had many faults, it largely coincided with the longest economic expansion in human history. Even if this framework’s inherent limitations make it an impractical option today, policymakers would be wise to reflect on how their predecessors worked to promote global economic stability. As history shows, they could do worse than the motley collection of individuals who came to Bretton Woods in 1944. Learn more about your ad choices. Visit megaphone.fm/adchoices
The functioning of the global economy remains as relevant a topic as ever before. Commentators continue to debate the causes and consequences of the financial crisis that hit the United States from 2007-2008. They also continue to ask questions such as: How long will China keep purchasing the treasury bonds that the U.S. government needs to help finance its ever-increasing debt? Just how long can the dollar remain the global reserve currency before being replaced by another national currency or some sort of international monetary unit? Will the global flows of capital facilitated by “free-floating” exchange rates eventually undermine the healthy functioning of international economy and usher in another global depression? In his new book The Summit: Bretton Woods, 1944 (Pegasus Books, 2014), journalist Ed Conway uses the story of the Bretton Woods Summit to help readers better understand the difficulties involved in creating a stable and prosperous global monetary system. In easy-to-follow and engaging prose, he recounts the rise and fall of the gold standard. Drawing on many previously unused sources, he also explains how actors as different as the British economist John Maynard Keynes and U.S. treasury official Harry Dexter White worked to create a more flexible, cooperative global monetary system that would prevent future World Wars and Great Depressions. Conway’s section on the Summit tells the fascinating stories of how the participants ended up creating the Bretton Woods framework by linking the dollar to gold and creating the International Monetary Fund and World Bank. Unlike many accounts of the Bretton Woods Summit that paint the gathering as a dull economic conference, Conway’s book succeeds in portraying the human drama of the event and the complex ways that personalities influenced the final agreements. In ways that will appeal to the general reader and expert alike, he embeds his cogent economic analysis within stories as diverse as the drinking songs that attendees belted out at the Mount Washington Hotel bar and the volleyball match that took place between U.S. and Soviet officials. A magician and dance instructor also make appearances in the story. Like any good book should, Conway gives readers much food for thought. While the Bretton Woods framework had many faults, it largely coincided with the longest economic expansion in human history. Even if this framework’s inherent limitations make it an impractical option today, policymakers would be wise to reflect on how their predecessors worked to promote global economic stability. As history shows, they could do worse than the motley collection of individuals who came to Bretton Woods in 1944. Learn more about your ad choices. Visit megaphone.fm/adchoices
The functioning of the global economy remains as relevant a topic as ever before. Commentators continue to debate the causes and consequences of the financial crisis that hit the United States from 2007-2008. They also continue to ask questions such as: How long will China keep purchasing the treasury bonds that the U.S. government needs to help finance its ever-increasing debt? Just how long can the dollar remain the global reserve currency before being replaced by another national currency or some sort of international monetary unit? Will the global flows of capital facilitated by “free-floating” exchange rates eventually undermine the healthy functioning of international economy and usher in another global depression? In his new book The Summit: Bretton Woods, 1944 (Pegasus Books, 2014), journalist Ed Conway uses the story of the Bretton Woods Summit to help readers better understand the difficulties involved in creating a stable and prosperous global monetary system. In easy-to-follow and engaging prose, he recounts the rise and fall of the gold standard. Drawing on many previously unused sources, he also explains how actors as different as the British economist John Maynard Keynes and U.S. treasury official Harry Dexter White worked to create a more flexible, cooperative global monetary system that would prevent future World Wars and Great Depressions. Conway’s section on the Summit tells the fascinating stories of how the participants ended up creating the Bretton Woods framework by linking the dollar to gold and creating the International Monetary Fund and World Bank. Unlike many accounts of the Bretton Woods Summit that paint the gathering as a dull economic conference, Conway’s book succeeds in portraying the human drama of the event and the complex ways that personalities influenced the final agreements. In ways that will appeal to the general reader and expert alike, he embeds his cogent economic analysis within stories as diverse as the drinking songs that attendees belted out at the Mount Washington Hotel bar and the volleyball match that took place between U.S. and Soviet officials. A magician and dance instructor also make appearances in the story. Like any good book should, Conway gives readers much food for thought. While the Bretton Woods framework had many faults, it largely coincided with the longest economic expansion in human history. Even if this framework’s inherent limitations make it an impractical option today, policymakers would be wise to reflect on how their predecessors worked to promote global economic stability. As history shows, they could do worse than the motley collection of individuals who came to Bretton Woods in 1944. Learn more about your ad choices. Visit megaphone.fm/adchoices
The functioning of the global economy remains as relevant a topic as ever before. Commentators continue to debate the causes and consequences of the financial crisis that hit the United States from 2007-2008. They also continue to ask questions such as: How long will China keep purchasing the treasury bonds that the U.S. government needs to help finance its ever-increasing debt? Just how long can the dollar remain the global reserve currency before being replaced by another national currency or some sort of international monetary unit? Will the global flows of capital facilitated by “free-floating” exchange rates eventually undermine the healthy functioning of international economy and usher in another global depression? In his new book The Summit: Bretton Woods, 1944 (Pegasus Books, 2014), journalist Ed Conway uses the story of the Bretton Woods Summit to help readers better understand the difficulties involved in creating a stable and prosperous global monetary system. In easy-to-follow and engaging prose, he recounts the rise and fall of the gold standard. Drawing on many previously unused sources, he also explains how actors as different as the British economist John Maynard Keynes and U.S. treasury official Harry Dexter White worked to create a more flexible, cooperative global monetary system that would prevent future World Wars and Great Depressions. Conway’s section on the Summit tells the fascinating stories of how the participants ended up creating the Bretton Woods framework by linking the dollar to gold and creating the International Monetary Fund and World Bank. Unlike many accounts of the Bretton Woods Summit that paint the gathering as a dull economic conference, Conway’s book succeeds in portraying the human drama of the event and the complex ways that personalities influenced the final agreements. In ways that will appeal to the general reader and expert alike, he embeds his cogent economic analysis within stories as diverse as the drinking songs that attendees belted out at the Mount Washington Hotel bar and the volleyball match that took place between U.S. and Soviet officials. A magician and dance instructor also make appearances in the story. Like any good book should, Conway gives readers much food for thought. While the Bretton Woods framework had many faults, it largely coincided with the longest economic expansion in human history. Even if this framework’s inherent limitations make it an impractical option today, policymakers would be wise to reflect on how their predecessors worked to promote global economic stability. As history shows, they could do worse than the motley collection of individuals who came to Bretton Woods in 1944. Learn more about your ad choices. Visit megaphone.fm/adchoices
Benn Steil of the Council on Foreign Relations and author of The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order talks with EconTalk host Russ Roberts about Bretton Woods, the conference that resulted in the IMF, the World Bank, and the post-war international monetary system. Topics discussed include America and Britain's conflicting interests during and after World War II, the relative instability of the post-war system, and the personalities and egos of the individuals at Bretton Woods, including John Maynard Keynes and Harry Dexter White.
Today on The Larry Kudlow Show, Larry talks with Benn Steil, AUTHOR:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order." John Cahill, Counsel @ Chadbourne & Park and CEO of Pataki-Cahill Group. Also on the show is Glenn Hubbard, Dean, Columbia University Graduate School of Business. Former Deputy Asst. More great guests include Jim Paulsen and Ken Polcari, along with Governor Bobby Jindal (R-LA). As always the great Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Benn Steil, AUTHOR:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order." John Cahill, Counsel @ Chadbourne & Park and CEO of Pataki-Cahill Group. Also on the show is Glenn Hubbard, Dean, Columbia University Graduate School of Business. Former Deputy Asst. More great guests include Jim Paulsen and Ken Polcari, along with Governor Bobby Jindal (R-LA). As always the great Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Benn Steil, AUTHOR:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order." John Cahill, Counsel @ Chadbourne & Park and CEO of Pataki-Cahill Group. Also on the show is Glenn Hubbard, Dean, Columbia University Graduate School of Business. Former Deputy Asst. More great guests include Jim Paulsen and Ken Polcari, along with Governor Bobby Jindal (R-LA). As always the great Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Governor Rick Perry (R-TX). Also on the show is Governor Mike Pence (R-IN). Benn Steil, author of:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order" joins the show. More great guests include Mike Ozanian, Co-host "Sports Money" on the YES Network and Barry Ritholtz, author of: "Bailout Nation" and Weblog: "The Big Picture." Peter Wallison, author of NEW BOOK: "Hidden in Plain Sight: What Really Caused the World's Financial Crisis and Why It Could Happen Again." As always, the Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Governor Rick Perry (R-TX). Also on the show is Governor Mike Pence (R-IN). Benn Steil, author of:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order" joins the show. More great guests include Mike Ozanian, Co-host "Sports Money" on the YES Network and Barry Ritholtz, author of: "Bailout Nation" and Weblog: "The Big Picture." Peter Wallison, author of NEW BOOK: "Hidden in Plain Sight: What Really Caused the World's Financial Crisis and Why It Could Happen Again." As always, the Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Governor Rick Perry (R-TX). Also on the show is Governor Mike Pence (R-IN). Benn Steil, author of:"The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order" joins the show. More great guests include Mike Ozanian, Co-host "Sports Money" on the YES Network and Barry Ritholtz, author of: "Bailout Nation" and Weblog: "The Big Picture." Peter Wallison, author of NEW BOOK: "Hidden in Plain Sight: What Really Caused the World's Financial Crisis and Why It Could Happen Again." As always, the Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Chuck Morse interviews John Koster, author of Operation Snow: How a Soviet Mole in FDR's White House Triggered Pearl Harbor. In "Operation Snow: How a Soviet Mole in FDR's White House Triggered Pearl Harbor", author and World War II magazine columnist John Koster provides incontestable proof that Russia was a driving force behind Pearl Harbor. Americans have long debated the cause of the December 7, 1941 bombing of Pearl Harbor. Many have argued that the attack was a brilliant Japanese military coup, or a failure of U.S. intelligence agencies, or even a conspiracy of the Roosevelt administration. But despite the attention historians have paid to the bombing of Pearl Harbor, the truth about that fateful day has remained a mystery-until now. In "Operation Snow: How a Soviet Mole in FDR's White House Triggered Pearl Harbor", author John Koster uses recently declassified evidence and never-before-translated documents to tell the real story of the day that FDR memorably declared would live in infamy, forever. "Operation Snow" shows how Joseph Stalin and the KGB used a vast network of double-agents and communist sympathizers - most notably, Harry Dexter White - to lead Japan into war against the United States, demonstrating incontestable Soviet involvement behind the bombing of Pearl Harbor. A thrilling tale of espionage, mystery and war, "Operation Snow" will forever change the way we think about Pearl Harbor and World War II.
Stansberry Radio - Edgy Source for Investing, Finance & Economics
This week, Porter and I sit down with Dr. Benn Steil, author of The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order.