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Looking forward to seeing how the "new view" treates exhorbitant privilege
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Very interesting interview and analysis. Two observations: 1. Maybe the weight of WWI and British industrial decay related to overvaluation of the pound was more important than creation of Fed . 2. The Spanish real was the first IMS leader before the British pound
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so was the Marshall plan the method for taking over monetary dominance? Or could sterling have kepts its role with different policies?
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