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As countries that have turned to free markets have shown, they enjoy great prosperity from it. The reserve currency thing is irrelevant.
by WalterBright 2y ago
As countries that have turned to free markets have shown, they enjoy great prosperity from it. The reserve currency thing is irrelevant.
- TeaBrain 2y ago>The reserve currency thing is irrelevant. The little "thing" or status of having reserve currency has allowed the US to enjoy lower international borrowing costs than anywhere else in the world. This has immensely benefited the US, in facilitating ease of borrowing with relatively low interest rates and by facilitating lower exchange rate risk in borrowing than any other nation.