From collection Ludwig von Mises Collection
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Ludwig von Mises to Lionel Robbins Letter, December 27, 1947
3
December 27, 1947
Dear Professor Robbins:
I would have been delighted if your answer to my letter
of November 12 had dispelled the uneasiness which some statements of
your article in the Lloyds Bank Review of October had caused me. Un-
fortunately this is not altogether the case.
I did not accuse you nor did I criticize your stand
concerning the Anglo-American Loan Agreement. Still less did I issue
any opinion about the role you played in the activities of the British
Government's bureaus and in the secret diplomatic negotiations between
the British and the American Governments.
It was only incidentally that I made some observations
about your remarks dealing with the old foreign liabilities of British
debtors. I know very well that we disagree with regard to these prob-
lems. But I do not think that this disagreement could be removed by
further discussion of the matter.
What motivated me to write my letter was that you ad-
vanced in your article a new argument against current account conver-
tibility. For a very long time no new argument has been added to the
old mercantilist list of the evils of free trade and the gold standard.
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Ludwig von Mises to Lionel Robbins Letter, December 27, 1947
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12/27/1947