An Unreservedly Dumb Idea

For political reasons, the International Monetary Fund seems prepared to make China’s yuan an official reserve currency. This is an unreservedly stupid idea. Bloomberg reported last week that the IMF is likely to approve the currency’s inclusion in the Special Drawing Rights, or SDR, a designation that gives IMF member countries who hold it the […] View the full post at: An Unreservedly Dumb Idea Related posts: Another Dumb Right-Wing Idea: Default on the Debt The Dollar is Getting Some Chinese Competition Roubini: Beijing and Washington on ‘Collision Course’ Over Yuan