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I'm not an economist but I believe this is only the case so long as USD is the global reserve currency. If that ceases to be the case, the Fed has a lot less po
by rcarr 1y ago
I'm not an economist but I believe this is only the case so long as USD is the global reserve currency. If that ceases to be the case, the Fed has a lot less power to print money and inflate debt away. I believe this is the case Ray Dalio has been making for some time now:
https://www.youtube.com/watch?v=xguam0TKMw8 https://www.youtube.com/watch?v=xguam0TKMw8
- refurb 1y agoEvery country has the ability to print money and buy its own debt. Japan has printed billions and bought equities. Being a global reserve currency only increases the extent of that printing, not the ability itself.