Source: Underthrow
by Max Borders
“Let’s give John Maynard Keynes his due: maybe he wasn’t wrong about everything. His vision for a global currency called bancor, which he proposed at the 1944 Bretton Woods conference, might have been a masterstroke. But it was thwarted by a rising hegemon. Envisioned as a neutral, supranational currency tied to a basket of stable commodities, the bancor aimed to stabilize global trade and curb economic imbalances. With the rise of BRICS, the dollar’s decline, and moving geopolitical fault lines, reviving this idea — but reimagined with distributed ledgers — could deliver a more resilient financial system.” (08/08/25)
https://underthrow.substack.com/p/keynes-wasnt-wrong-about-everything