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It's not exactly a secret. The US dollar's proliferation is an extremely good thing to happen in the world - our modern banking system is one of our greatest in
by alexb_ 3y ago
It's not exactly a secret. The US dollar's proliferation is an extremely good thing to happen in the world - our modern banking system is one of our greatest inventions.
- yterdy 3y agoFor whom?
- fragmede 3y agoeveryone with a lot of them
- halJordan 3y agoFor everyone. The answer would be the same if the yuan was the world's reserve currency. Having a single reserve currency is just good. Please don't conflate your distaste for a country's politics as somehow obviating the unbridled success of the global economy.
- yterdy 3y agoI can't tell if you're being sarcastic or not.
- alexb_ 3y agoThis isn't true - China as a world leader is worse than the US, because China has a worse government and does not believe in the same freedoms the US does. The US dollar being proliferated everywhere is good because it helps the US stay the world power with a lot of influence, which is much better for the world.
- yterdy 3y agoAnd now I can't tell if YOU are being sarcastic or not.
- alexb_ 3y agoNot being sarcastic at all - if you think China would be a better world leader than America, that's just clearly wrong.
- yterdy 3y agoStunningly convincing argument. /s I don't think the answer is so clear. There is also the third option: neither are particularly good "world leaders", and however bad China would hypothetically be as one, the US' leadership has actually been terrible, with disastrous consequences for billions an unfortunate reality.
- elcritch 3y agoIt’s a very effective way to tax foreign countries too. Just print a few trillion and let the small countries pay the costs in inflation.