The Need for a New Bretton Woods

The transcript discusses the complex relationship between the US and China, highlighting the uncertainty it brings to global economic stability. It delves into historical economic frameworks like Bretton Woods and Keynes' plan, emphasizing the challenges of having a single national reserve currency. The discussion also covers the concept of symmetric non-adjustment and the implications of the gold standard. Finally, it touches on investment problems and the theoretical debate between Keynes and Hayek.

What are the implications of the US being the reserve currency?

In what ways does the current economic situation reflect a saving-investment problem?