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If the US is an outlier.... then it's fine for the US to continue down this path? Like in this supposed age of a US government spending crisis the dollar is ex
by rtpg 2y ago
If the US is an outlier.... then it's fine for the US to continue down this path?
Like in this supposed age of a US government spending crisis the dollar is extremely strong compared to other currencies. Where is the hyperinflation? How many decades will we need to wait?
- Aeolun 2y agoJapan has been at it for several decades. The US seems to have a debt of 120% of GDP, and Japan of 250% of GDP, so I guess you're still good for a few decades more?
- ioblomov 2y agoExactly. There was a time when the British pound was the world's reserve currency (coinciding of course with British global hegemony). Fast-forward to today and the UK's GDP per capita[1] is lower than the poorest US state's[2]. 1. https://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom https://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom 2. https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP#50_states_and_Washington,_D.C https://en.wikipedia.org/wiki/List_of_U.S._states_and_territ....
- rtpg 2y agoPerhaps the UK no longer controlling vast swaths of land would directly link to its decline, rather than its monetary policy.