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This feels not even wrong. The American economy is generating massive amounts of goods and services. This is a relatively hard fact. The effect of the dollar
by seizethecheese 2y ago
This feels not even wrong.
The American economy is generating massive amounts of goods and services. This is a relatively hard fact.
The effect of the dollar being a worldwide currency is complex and not so straightforward. Strong demand for dollars actually would increase dollar value, which would increase borrowing costs, ceteris paribus. The US then increases money supply, to accommodate. It’s unclear that this dramatically increases GDP.
Unless your assertion is that the financial industry is overdeveloped? I don’t think it’s more than 10% of GDP off the top of my head.