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Beyond Bretton Woods — A New Series in the Sun Dislike seeing ads? Beyond Bretton Woods — A New Series in the Sun Editorial of The New York Sun | July 29, 2021 https://www.nysun.com/editorials/beyond-bretton-woods-a-new-series-in-the-sun/91598/ The New York Sun launches, with Judy Shelton’s op-ed this evening, a series on the 50th anniversary of the collapse of the monetary system that had been established at Bretton Woods at the end of World War II. That system, centered on America’s promise to redeem dollars presented to it by foreign governments at a 35th of an ounce of gold, was far from perfect. Yet its collapse, in the summer of 1971, opened up a new and far more dangerous moment — the era of fiat money.

Great barringtonUnited statesLewis lehrmanJesse helmsJudy sheltonRon paulAmerican institute for economic researchInternational monetary fundUnited states gold commissionNew york sunBretton woodsWorld warBerkshire courierAmerican institutePresident nixonInternational monetary