public agencies and private institutions

"Beyond Monetarism: Finding the Road to Stable Money."
Basic Books, 10 East 53rd St., New York, N.Y. 10022.270 pp. $16.95. Author: Marc A. Miles

In August 1971, President Nixon shut the U.S. gold window, declaring that Washington would no longer redeem foreigners' dollars for gold. Two years later, Washington pulled out of the fixed international exchange rate sys- tem established under the 1946 Bret- ton Woods Agreement. In October 1979, Fe...