Als Antwort auf Lifesciences . As much as I respect Triffin as an economist (‘The Triffin Dilemma’), his original proposal to replace gold and foreign-currency accretions by gold-guaranteed deposit accounts at the International Monetary Fund as the major source of increase in world reserves was doomed to fail from the beginning. We have seen the results of such a strategy in the European sovereign debt crisis in 20212 with a decentralized fiscal policy and a centralized monetary policy. A problem which is still unsolved.
