5min chapter

Odd Lots cover image

Zoltan Pozsar and Perry Mehrling Debate Bretton Woods 3.0

Odd Lots

CHAPTER

The Dollar Is Not Going Away, Is It?

Many people are trying to draw a analogy between the present situation and the immediate post 90 71, when there was inflation in the seventies. M: I think those analogies are misplaced. The tramas of the system like 71, turned out, in retrospect, to be growing pains. That what happened after 71 was not the end of the dollar system, but the offshoring of the dollarsystem. And so we're in the process right now of switching from war finance to peace finance, and that is a rocky road, ok?

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