What happened on that late-summer day? It was a Sunday, and President Richard Nixon suspended convertability of the US dollar into gold, effectively ending the 25-year Bretton Woods era of fixed currency exchange rates against the US dollar.
k. Another nod to Okemo is their superior ski area food, from Asian at the summit, Waffles on the slopes, to woodfired flatbreads, signature martinis and s'mores by the fire for the kids at Coleman Brook Tavern
Some brave economists have made it clear that we need a new International Monetary System, a "New Bretton Woods" sort of agreement in order to solve things in the long term. But still, what do we do with the existing debt crisis?
Brown demonstrates something that we have seen before in the likes of John Kerry and Al Gore. Each was too cautious, too pruned and too stiff when running to secure the highest office in their respective lands.
As INET Executive Director Rob Johnson said, "last year's conference punctured the mystique of market stability (not to mention real events). This year, the conference will shatter the illusion of control."