In October 1959, Yale professor Robert Triffin informed the U.S. Congress' Joint Economic Committee that the Bretton Woods system was doomed. The current monetary system could not survive, he explained, because of the inherent imbalances it incentivized. The fatal flaw...
In January of 1848, months before the wave of revolutions known to history as the "Spring of the Peoples” would sweep across Europe, the continent was at peace. Alexis de Tocqueville famously addressed the French parliament with a warning of things to come:
