3 ms·
Also, because most of the currencies in the world are backed by dollars, we are inflating everyone else's currencies. So the US is able to offload it's inflati
by rolobio 6y ago
Also, because most of the currencies in the world are backed by dollars, we are inflating everyone else's currencies. So the US is able to offload it's inflation on the rest of the world. I doubt the world will take that much longer.
- wonderwonder 6y agoIssue is there is not really an alternative. What can they use except dollars? The euro? The yuan? I doubt they are going to go back to the gold standard.