BOOK · [5046]
The Dollar Crisis: Causes, Consequences, Cures, Revised and Updated
Economics
Duncan argues that the post-gold-standard dollar system, persistent US deficits, and global credit expansion made the international monetary system structurally unstable. Garry Tan says reading it at Clarium primed him for the fiat-currency thesis behind Bitcoin and Coinbase.
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“That book had primed me for the madness that happened in 1971.”
In Garry's Coinbase investment story, he says Clarium made engineers read the book and that it primed his fiat-currency thesis.