Multipolarity cover image

Special Edition: De-Dollarisation and the New Monetary Order

Multipolarity

00:00

The Importance of Notional Currency Units

Keynes designed the IMF. You need a single currency unit. Now, this is a kind of a notional currency unit. So what the bank or does basically is that you accumulate. And if I run a $20 deficit with you, then essentially in ordinary circumstances, I would have to transfer that kind of $20. But in Keynesa system, both of those would go down on the balance sheet at the same time.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app