Please review the Bretton Woods Case Study, which begins on p. 231 of the 5thand 6theditions of Gerber 2011/2014).Please also review this summary of the Triffin Dilemma by the IMF and the data appendages in the World Gold Council report on gold reserves held by countries over time.Recall again that the US share of world gold reserves was:1930=38.6%; 1940=51%; 1945=63%; 1957=60%; 1959=48%; 1971=24%.Today, it is approximately 28%; yet, the US Dollar is on 85% of all currency trades in the $5 trillion+ per day global currency market.

https://www.imf.org/external/np/exr/center/mm/eng/mm_sc_03.htm(Links to an external site.)

Green, Timothy. 1999.Central Bank Gold Reserves: An historical perspective since 1845.[PDF File size, 158 KB]World Gold Council. Attached

Bretton Woods was the last time a significant portion of the globe participated in a gold-based fixed exchange rate system.Some economists and politicians, (Ron Paul, for example), believe that some type of gold standard should be reinstituted today. Do you agree with that position? Why or why not?