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Having dollar being the worlds currency is not necessarily a good thing. Yes, you can borrow at low interests rate for a while. But guess what? Those are still
by magicreadu 1y ago
Having dollar being the worlds currency is not necessarily a good thing. Yes, you can borrow at low interests rate for a while. But guess what? Those are still debts. And eventually rates rise due to inflation. Now you have hollowed out your industrial base and you are stuck with tons of debts.
Even if dollar gets weaker, better to have less debts and more industrialization
- PaulDavisThe1st 1y agoInflation reduces the effective cost of debt. Inflation and the "hollowing of your industrial base" are not inevitably connected, and in the case of the USA, have almost no connection to each other at all.
- rat87 1y agoNot being the world's reserve currency can be argued over but having these massive economy crushing tarrifs is just stupid
- wqaatwt 1y agoLike Germany? Which country do you think did better over the last 20 years and which had barely any growth?
- ashoeafoot 1y agoThe state printed paper money, he still owns a debt to the forrest donating the tree?