By Wikipedia
The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher conceptualised in the years 1940-42 and which the United Kingdom proposed to introduce after the Second World War. This newly created supranational currency would then be used in international trade as a unit of account within a multilateral clearing system – the International Clearing Union – which would also have to be founded.
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“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero.”
~ Charlie Munger
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