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So apparently the real "exorbitant privilegue" is not being able to print the world's (soon to be ex) reserve currency, but being a poor country (Chindia) with
by dualogy 15y ago
So apparently the real "exorbitant privilegue" is not being able to print the world's (soon to be ex) reserve currency, but being a poor country (Chindia) with billions of people willing to work their way out. Interesting thought.