Geopolitical Economy Report cover image

The dollar system's contradictions after de-linking from gold, with Radhika Desai & Michael Hudson

Geopolitical Economy Report

CHAPTER

Complex Money Flows, Borrowing, and the Dollar System

This chapter explores the intricate money flows and borrowing processes of the 1970s, including how third world countries accessed virtually free money and the United States' response. It also highlights the creation of the euro and the European countries' efforts to exit the dollar system.

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