Bretton Goods

Pradyumna Prasad
Economics. Explained
Created 21 May 2021
  • You should not run your country on bitcoin
    17 Sep 2021 • 4 min read • 7 0
    El Salvador made bitcoin legal tender in their country. While some bitcoin proponents would consider it to be a first step in global adoption of the currency I think it would be an extremely poor idea...
  • New Podcasts Out
    15 Sep 2021 • < 1 min read • 2 0
    This newsletter has an associated podcast that has been busy! Click on the links below to listen Listen on Spotify Listen on Apple podcasts Listen on Google podcasts Noah Smith on American growth, par...
  • Can you cheat the Gold Standard and win?
    22 Aug 2021 • 8 min read • 3 0
    Between the 1870s and 1913 almost every developed country and many developing countries were on a gold standard. This meant that in some form or the other their currency was convertible to gold. But t...
  • Why Did So Many Countries Join the Gold Standard?
    11 Aug 2021 • 5 min read • 8 0
    Since it's the 50th anniversary of the end of Bretton Woods on 15th, I’m writing a multi-part series on the history of international monetary regimes. Global monetary history is interesting because it...
  • The selfish case for vaccinating the entire world (and links)
    28 Jul 2021 • 4 min read • 1 0
    The developed world is doing extremely well when it comes to vaccinating its population against COVID-19. The European Union had over 46% of its citizens fully vaccinated, the USA had 48% and the UK h...
  • Bretton Goods Podcast!
    25 Jul 2021 • < 1 min read • 1 0
    I also run a podcast. If you enjoy this newsletter, then you will definitely enjoy this podcast. Check it out here: Listen on Google Podcasts Listen on Spotify Listen on Apple Podcasts Episode 4: Eli ...
  • Why you should issue GDP linked bonds
    20 Jul 2021 • 11 min read • 7 3
    If you’re an ambitious political thinker, one of the things you should do is imagine a utopia. Almost everyone does it. Milton Friedman did it with his book Capitalism and Freedom where he listed what...
  • Ideology, mistakes and Tiananmen
    04 Jul 2021 • 11 min read • 4 0
    This is the last post in a series on the Chinese transition. You can find Part 1 here, Part 2 here and Part 3 is here. As far as interesting lives go, Deng Xiaoping was on the top of the list. He was ...
  • How do you govern a new country?
    27 Jun 2021 • 6 min read • 4 0
    Its safe to say the China of 1980 and the China of 2000 were completely different countries. But the transition from a planned economy to a market economy is very hard, and its not always clear how to...
  • What went right in China?
    21 Jun 2021 • 5 min read • 6 0
    This the second post in a four part series. The first part is here. Small Businesses As TVEs improved employment in the rural areas of China, urban unemployment was a problem. During the Cultural Revo...
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