Kevinrash on Nostr: In a world of financial abstractions, Special Drawing Rights (XDR) takes the cake. It ...
In a world of financial abstractions, Special Drawing Rights (XDR) takes the cake. It was created to solve liquidity problems in 1969.
In response the decolonization, I’m sure these systems seemed like and improvement…but wow. It really pushes the abstraction out there. The abandoning of the gold standard was inevitable.
Published at
2023-09-19 18:23:35Event JSON
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