The Hill Dr. Judy Sheldon on "Restoring Stability to World's Monetary System" 
http://thehill.com/blogs/pundits-blog/finance/251248-time-to-restore-sanity-to-the-worlds-monetary-system
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Societies that cannot accommodate change, social mobility or technological revolutions are subject to breakdown and collapse when relations are expedited out from fixed exchange rate regimes. 

As Marshall McLuhan, Arnold Toynbee, Peter Drucker and writers like Allan Meltzer, Anna Schwartz and Milton Friedman implicitly understood, the currency of a regime embodies the social relations of a particular social - political economy.  Fixed exchange rate regimes cannot accommodate rapid change brought on by technological change or revolution.  They suffer collapse.

​Piera U.K. on "Currency Wars & Collapse of Empires" http://www.pieria.co.uk/articles/currency_wars_and_the_fall_of_empires

Before she died in 2012 at the age of 97, Milton Friedman's protege Dr. Anna Schwartz studied the effect of monetary intervention in currency markets.  Her findings are astonishing:  the Central Banks most coveted means of security is a failure, namely intervening in foreign currency markets to secure price stability.  

Dr. John Taylor of Stanford University posted a review of the Plaza Accord, a massive scheme to devalue the greenback for Yen & Deutschmark parity.  The Reagan revolution was devastating to foreign monetary economies, especially when currency regimes were only beginning to float out of fixed/pegged exchange rate regimes.  Massive capital inflows had structurally altered the dollar that it negatively effected the capacity for foreign central banks in the management of their capital, current accounts.  The solution:  have Treasury Secretary James Baker find a way to fire U.S. Federal Reserve Chair Paul Volcker, his independence threatened White House political plans.

​Both the Plaza Accord & Louvre Accord failed in their chief objective:  rescue foreign currencies from appreciation.  

John Taylor's Blog essay on both accords http://economicsone.com/2015/09/24/lessons-learned-on-the-30th-anniversary-of-the-plaza-accord/

​Dr. Anna Schwartz last book before her death, on the ineffectiveness of Central Bank ability to manipulate parity through intervention in foreign exchange markets http://www.press.uchicago.edu/ucp/books/book/chicago/S/bo19198074.html 
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NY Times Obituary Dr. Anna Schwartz http://www.nytimes.com/2012/06/22/business/anna-schwartz-economist-who-worked-with-friedman-dies-at-96.html?_r=0

Dr. Judy Shelton Director of The Sound Money Project at The Atlas Network article detailing the broken Bretton-Woods framework, the I.M.F. and restoring intrinsic value to money. 

The Hill published by U.S. Congress http://thehill.com/blogs/pundits-blog/finance/251248-time-to-restore-sanity-to-the-worlds-monetary-system 



The Sound Money Project http://soundmoneyproject.org    
The Atlas Network https://atlasnetwork.org  
The Sound Money Project takes on The Federal Reserve at Jackson Hole Wyoming Retreat
http://soundmoneyproject.org/2015/09/the-sound-money-project-takes-on-fed-at-jackson-hole-summit/

When Nixon severed the link between specie and the U.S. Dollar, he effectively removed any intrinsic link between productivity & value.  The United States has NOT produced growth since the demise of the Bretton-Woods monetary framework, an international agreement that solidified the U.S. Dollar as the repository of a fixed exchange rate regime between trading nation states, dethroning Keynes' barbarous relic'.  

Instead of growth as an expression of U.S. aggregate demand driven GDP, our entire political economy has been driven by government procured credit cycles.  That's right, our so called 'growth' remains completely divorced from productivity or output.  We must return to the Founders vision of America, where individual citizens acquire capital, equity formation.  

Dr. Judy Shelton of The Atlas Network has written an outstanding article on the numerous political fronts emerging in Congress to restore the U.S. Dollar to preeminence.