42. The Fiat Standard, Chapters 4-7
The Bitcoin Standard Podcast
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The Importance of the SDR
The IMF has about 3000 tons of gold, which makes it like the second or third largest reserve. The SDR was an attempt by the IMF to kind of resuscitate Keynes's idea and make it so that the SDR becomes a global reserve currency. But it's primarily used by governments to settle with the IMF itself. And they're not by your coffee with the SDRs. They have scary problems, and they have adoption problems, and ultimately the real problem is politics with it.
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