The @TheEconomist -- but not the U.S. Treasury -- embraces an SDR allocation.

(the Economist is an overstatement of course, the column is from the author of "Free exchange" this week ...) https://www.economist.com/finance-and-economics/2020/04/11/should-the-imf-dole-out-more-special-drawing-rights">https://www.economist.com/finance-a...

I have said this before and I will say it again: the US would be the largest beneficiary of an SDR allocation, and the US is under-reserved. U.S. opposition is short-sighted, even from an "America-first" point of view.

and for those who say the U.S. doesn& #39;t need reserves because it issues the world& #39;s reserve currency, I& #39;ll just say this -- there are a lot of creative ways to use your reserves.

(the recent use of the ESF to backstop Fed lending is a case in point)

break-the-glass