[quote=esmith]Economists will fight tooth and nail against any global currency.[/quote]
Why? I’m an economist (not tied to the banking or real estate sectors) and I feel no desire to fight something that makes no sense to begin with.
BGinRB: You’re one of the few grownups in this thread! Thank you for educating the younger, more passionate Piggs, who apparently envisioned the end of national currencies. More than a unit for global trade, what is being discussed is a ‘currency’ that can be used by countries to be held as foreign reserves. (Wasn’t the SDR created for this very purpose decades ago? It just never became as ubiquitous as the greenback).
Arraya: Thank you for sharing the very lucid atimes.com article. I’ll read the rest of it.
