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Qua the USD global position as reserve currency, the US has access to much cheaper capital than the rest of the world. That is why entrepreneurs flock to the US
by throwaway4good 4y ago
Qua the USD global position as reserve currency, the US has access to much cheaper capital than the rest of the world. That is why entrepreneurs flock to the US.
It is not "innovation" that is the difference; but the ability to scale up via cheap and risk-willing capital.
- seydor 4y agoThe Euro is a reserve currency as well
- disgruntledphd2 4y agoNot really. There's simply not enough Euro debt to make this work. You'd need a major increase of EU funding to even start creating a market like treasuries.
- seydor 4y agoYou mean, to be the dominant reserve currency. Currently Euro is #2