From an economic perspective the biggest losers of the dollar standard is manufacturing and the biggest winners is wall street. Wall Street had secular growth a

From an economic perspective the biggest losers of the dollar standard is manufacturing and the biggest winners is wall street. Wall Street had secular growth and manufacturing had secular decline from the adoption of the petrodollar and the dollar becoming the reserve currency of the world. Similar changes happened in Europe when the pound became a reserve currency (growth of Germany etc in manufacturing) and then the issues that surrounded relative decline in the City as a financial center till the Big Bang in the 1980s. Reserve currencies create huge beneficiaries and losers (especially in “tradables” like manufacturing). Different arguments on this subject: https://www.wsj.com/articles/to-bring-back-u-s-manufacturing-get-the-world-to-dump-the-dollar-1538950979 https://www.wsj.com/articles/to-bring-back-u-s-manufacturing... https://www.wsj.com/articles/the-dollar-and-the-future-of-u-s-manufacturing-1539628655 https://www.wsj.com/articles/the-dollar-and-the-future-of-u-...