The American Empire in a Changing World


Tuesday, November 13, 2012

''The European Central Bank Revisits Triffin''

From The Gold Standard Now
By Ralph J Benko

''Belgian economist Robert Triffin was, along with Jacques Rueff, one of the chief critics of the use of the dollar as an international reserve currency.  Triffin and Rueff agreed in their diagnosis of the inherent defects; their remedy differed.  Triffin posited the resolution in a supranational reserve currency.  Rueff called for the restoration of the classical gold standard.''

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