I read this back when it was posted a few days ago and it was very good. The heart of it is that the global reserve currency needs to run persistent trade defic

I read this back when it was posted a few days ago and it was very good. The heart of it is that the global reserve currency needs to run persistent trade deficits in order to put itself out into the world. This isn’t really sustainable. The dollar will weaken making the US more competitive on exports. I think this combined with the decade or more of low interest rates will create a really prosperous time for the US. That is assuming we can take advantage of it and don’t instead try to drag out the petrodollar system.