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> The US has been incredibly privileged. Free markets are a choice the US made. Any country can choose to have a free market, and some have. The reserve curren
by WalterBright 2y ago
> The US has been incredibly privileged.
Free markets are a choice the US made. Any country can choose to have a free market, and some have. The reserve currency thing has nothing to do with it.
- DavidPiper 2y agoYour position that the country controlling the de facto global reserve currency isn't in a privileged economic position is very hard to understand. What would you say is the economic impact on a country of controlling a global reserve currency?
- southernplaces7 2y agoAnd pray tell, how did it become the de facto global trade currency? You believe the massive development of internal markets, free trade and relatively stable legal system that largely respects private property had little or nothing to do with this?