This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and t... » 

This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies. It argues that no school of macroeconomics is right for all time. «