Vivian reviews World Commodities and World Currencies, by Benjamin Graham (McGraw-Hill, 1944) on the website bufferstock.org . She writes that Graham "wanted [the IMF] to finance international multi-commodity buffer stocks which would be bought and sold automatically; and to monetize what was in these pools to back paper money as gold did in 1944 with a commodity reserve currency.
"Curiously enough, Graham's views - called "groceries first" - garnered support from economists as divergent as von Hayek and Lord Keynes."
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