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re: Eichengreen's History of the International Monetary System. This 
sounds like a history of the international monetary system that we could 
have done without. There has never been anything other than governments 
meddling with money, and for good reason. Giffen was similarly confused. 
His 'good money' was not produced by free markets but also by government 
meddling. THere is no pure and no perfect system; only good and bad 
tinkering. The notion that the gold standard was automatic is ludicrous. de 
Cecco is good on this, as in his entry in Palgrave's. 
 
Evan Jones 
Department of Economics 
Sydney University 
 
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