So Gavin hammers again and again that US officials were dead set in thinking that the cause of balance-of-payments problems were due to NATO commitments, particularly ground forces in West Germany. But there is one throw-away line that says many pf the French thought it was an overly expansive domestic budget. Kennedy and non-Treasury types in the admin weren't wedded to keeping the dollar as the one world reserve.
— Jan 16, 2021 01:51PM
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