It is amazing that this system, jerrybuilt at Bretton Woods in 1944, is not only still tolerated but regarded as practically sacrosanct. Its paternity was not auspicious. Its two fathers were Harry Dexter White of the United States and Lord Keynes of England. FULL ARTICLE by Henry Hazlitt
Source link: http://archive.mises.org/14760/end-the-imf/
End the IMF
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My understanding was that Keynes proposed the Bancor and International Clearing Union at Bretton Woods, while the US imposed the current system.
this is a very interesting article its about time we got rid of imf anyway
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