What the United States and the world needs following the Nov. 3 elections is another round of transformational American leadership of the brand that followed World War II.
The more significant question than the location of the IMF is what country or set of countries will write the financial and monetary rules for our coming epoch. Will democracies, rallied by the United States, revive and reform their form of capitalism, which has been ascendant for more than 75 years?
was the first agreement of its kind, a fully negotiated global monetary order, resting at that time upon gold and the U.S. dollar. Bretton Woods put into place the rules and the wherewithal for the expansion and sustainability of democratic capitalism, which in the end would triumph over centrally controlled, Soviet-style economies.
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