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The US dollar acting as the global reserve currency via Bretton Woods is the basis of the modern free trade regime. The 'highly questionable' monetary policy la
by pram 6y ago
The US dollar acting as the global reserve currency via Bretton Woods is the basis of the modern free trade regime. The 'highly questionable' monetary policy largely exists because the US dollar is the reserve currency for international exchange. The trade deficits and arguably even said physical wars and debt are all symptoms of that.
The problems it causes to the US are actually so obvious that it has a name (Triffin dilemma)