Economists Michael Bordo of Rutgers University and Angela Redish of the University of British Columbia have argued

Question:

Economists Michael Bordo of Rutgers University and Angela Redish of the University of British Columbia have argued that the "Bretton Woods system functioned for a number of years but beginning in the late 1960s, in the face of inflationary US monetary policy it became a slow moving train wreck." Why would inflationary U.S. monetary policy cause problems for the Bretton Woods system?