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It's very much a tale of two dollars, however. The dollar price index plummeted after abolishing the gold standard. Now it has risen substantially, as it did in
by mise_en_place 4y ago
It's very much a tale of two dollars, however. The dollar price index plummeted after abolishing the gold standard. Now it has risen substantially, as it did in 2008, to become the safe haven currency that all other countries are hoarding, due to inflation in their own countries. At some point this house of cards will collapse, specifically if the Fed capitulates in its fight against inflation and stops raising interest rates.
- sumedh 4y ago> to become the safe haven currency that all other countries are hoarding Probably because most of the oil is traded in dollars.