5 ms·
> This is econolibertarian fan fiction. I guess you never heard of the XDR? it was tied to gold https://en.wikipedia.org/wiki/Special_drawing_rights#Alternati
by blibble 10mo ago
> This is econolibertarian fan fiction.
I guess you never heard of the XDR? it was tied to gold
https://en.wikipedia.org/wiki/Special_drawing_rights#Alternative_to_U.S._dollar https://en.wikipedia.org/wiki/Special_drawing_rights#Alterna...
... and could be again, if the US regime continues its incontinence
- ajross 10mo agoSDR valuations were tied to gold when the USD was still gold-based. Needless to say Bretton Woods didn't survive that transition at all. Again, it was a failed (!) experiment, not a recipe to try again. Believing otherwise is fan fiction.