4 ms·

Agreed. US dollar being propped up has undermined manufacturing sector by making exports artificially expensive, and imports artificially cheap.

• Avicebron 6y ago
  But does this indicate we need to fix the "undermined" part of the manufacturing sector rather than ceding the power of having the reserve currency to another power?
• prionassembly 6y ago
  Where I live, undergrads have to present their capstone graduation paper to a committee, much like PhD students do. I've had a handful opportunities to ask, after a presentation about this very subject: why is this bad? I never got good answers. Maybe the PhDs did, but PhD committees draw from their own discipline.
  • thoughtstheseus 6y ago
    It’s not bad in the short-term. You trade stamped paper for complex goods and services. The problem is when people don’t want to make that trade anymore. One side is left with the ability to print stamped paper, the other has the means of production for goods and services desired. The U.S. “allowed” many domestic industries and supply chains to leave/fail/etc. because it was “better” to print paper.