Chapter 3
37 “We’re in the midst of an international . . .” Jonathan Wheatly, “Brazil in ‘Currency War’ Alert,” Financial Times, September 27, 2010.
37 “I don’t like the expression . . .” Interview with Dominique Strauss-Kahn by Stern magazine, November 18, 2010, www.imf.org/external/np/vc/2010/111810.htm.
44 The classical gold standard was not devised at an international conference . . . This extended discussion of the classical gold standard draws upon Giulio M. Gallarotti, The Anatomy of an International Monetary Regime: The Classical Gold Standard, 1880–1914, New York: Oxford University Press,
45 “Among that group of nations that eventually gravitated to gold standards . . .” Gallarotti, op. cit.
45 This highly positive assessment by Gallarotti . . . Michael David Bordo, “The Classical Gold Standard: Some Lessons for Today,” Federal Reserve Bank of St. Louis, May 1981.
48 This panic began amid a failed attempt by several New York banks . . . This account of the Panic of 1907 draws upon Robert F. Bruner and Sean D. Carr, The Panic of 1907: Lessons Learned from the Market’s Perfect Storm, Hoboken: Wiley, 2007.
50 Now, literally in the rubble of the 1906 San Francisco earthquake . . . This account of the creation of the Federal Reserve System draws upon Murray N. Rothbard, The Case Against the Fed, Auburn, Alabama: Ludwig von Mises Institute, 1994.
53 However, a successful negotiation in Paris was by no means a foregone conclusion . . . This account of the negotiations with respect to reparations at the end of World War I draws upon Margaret MacMillan, Paris 1919: Six Months That Changed the World, New York: Random House,
54 The entire mechanism of credit and trade was frozen . . . MacMillan, op. cit.
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