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> USD is the global reserve currency which makes it much easier to raise capital. Could you explain more?
by mousetree 4y ago
> USD is the global reserve currency which makes it much easier to raise capital.
Could you explain more?
- ochoseis 4y agoBecause it's the global reserve currency it generally means: 1. There's more people around the world with USD who are interested in putting it to work. 2. The US government can easily print and borrow money denominated in USD, which leads to more USD floating around, which ends up in the hands of people from #1.
- mousetree 4y agoThanks. Could you explain how that leads to higher salaries in the US too?
- ochoseis 4y agoI don’t have any references handy, but I suppose it’s a combination of the U.S. being a top destination for investment (because of the currency, risk-level, innovation and productivity), plus high demand for labor.