pull down to refresh
were they classed as fudders of the day by those in denial, or do you think to most it was quite obvious?
reply
For Tiffin/Rueff, I believe they were well-respected and believed. For the pound, losses during wars were so obvious that there was no denying Britain losing its place (except, crucially, among the elite decision-makers, e.g., returning pound to gold at prewar rate)
reply
Yes, I think plenty of commentators say the death of the pound via/during the World Wars. Also, many famous economists saw the death of Bretton Woods (e.g., Triffin, Rueff) -- even though that wasn't the end of the dollar's reign.