Solange das Bretton-Woods-System fester Wechselkurse bestand, war die Beschaffenheit dieses Privilegs klar: Die USA waren das einzige Land, das seine Geldpolitik frei bestimmen konnte.
As long as exchange rates were fixed under the Bretton Woods system, the nature of that privilege was clear: the US was the only country that could freely determine its own monetary policy.