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First thing, it will not happen overnight (if it ever happens at all). I mean, let's be honest, the US is still a massive market so there is no doubt that it st
by jialutu 6y ago
First thing, it will not happen overnight (if it ever happens at all). I mean, let's be honest, the US is still a massive market so there is no doubt that it still has a lot of tricks in its books to maintain a lead.
But the thing is, being the major dominant currency actually comes with drawbacks:
https://equitablegrowth.org/reserve-currency-privileges-costs/ https://equitablegrowth.org/reserve-currency-privileges-cost...
So potentially, the US dollar losing its role as the dominant currency may actually come with benefits for everyday Americans.