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Silicon valley's tokenomics are going bust because of the Fed's tightening. Loosing the reserve currency status is another matter altogether which should scare
by Timber-6539 3y ago
Silicon valley's tokenomics are going bust because of the Fed's tightening. Loosing the reserve currency status is another matter altogether which should scare the future of the American economy.
- astrange 3y agoThat wouldn't matter. "Exorbitant privilege" is a thing but it's not that much of a thing. Notice Argentina, which has the opposite of our privilege, still gets loans - there's no other set of countries for lenders to go to. The reason it looks like we have magic fiscal policy and Europe doesn't is that Europe just loves austerity and refuses to print money basically because they're stubborn. They could and should do it too.