Money Meltdown
In Money Meltdown, Shelton calls for a unified international monetary regime to lay the foundation for worldwide stability and prosperity in the post-Cold War era. It calls for a unified structure to restore stability to the current international monetary system, raising the needs of individual producers of wealth above those of governmental programs. In outlining steps toward a new world monetary structure, Shelton elevates the needs of individual producers, who actually create wealth in the global economy, over the programs of governments.
"Shelton examines the current disorder in international monetary relations and explains the far-reaching effects of the erratic and fluctuating exchange rates on world trade and international investments. She does a masterful job of analyzing the evolution of the international monetary system, from the preparations for the Bretton Woods conference in 1944 to the postwar currency stability to the current disorder of monetary relations. She then presents an agenda for a new fixed exchange rate-based monetary regime that would remedy the deficiencies of the current system and take into account the post-Cold war environment. This book will be of interest to academics, policymakers, politicians, and others who want to gain a better grasp of the implications of the disorderly flow of capital created by the behavior of the exchange market speculators."
— Ali D. Abdulla, East Carolina University