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Desautels Professor of Finance, Reuven Brenner, was recently published in American Affairs Journal, a quarterly journal of public policy and political thought.

The article dismisses all present approaches to restoring monetary and financial orders, and suggests an alternative to achieve that goal, drawing on facts and sequences of events absent from current approaches. The proposed alternative not only shows what is the stable solution for a variety of monetary and financial problems, but also shows how currency and trade negotiations must be co-ordinated.