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I only learned this recently but Stephen Miran, President Trump’s chairman of the Council of Economic Advisors, in 2024 basically laid out the plan to de-value

I only learned this recently but Stephen Miran, President Trump’s chairman of the Council of Economic Advisors, in 2024 basically laid out the plan to de-value the USD and to encourage foreign nations to move to more diverse basket of currencies all while trying to balance the transition and mostly maintain the geopolitical power of remaining the reserve currency. Who know how it will play.

nkurz 1y ago
Yes, considering that it seems to be the semi-official blueprint for the current US economic strategy, it's surprising that it gets so little attention: https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese... One can certainly debate if it's a good strategy, but I'd highly recommend that everyone read this paper. A particular part that's surprising is that the headlines are constantly ~"US unable to stop decline of dollar" when according to this paper a weaker dollar is an explicit goal. Edit: CountSessine has an excellent (and currently downvoted) set of posts about the paper elsewhere in this thread: https://news.ycombinator.com/item?id=43941376 https://news.ycombinator.com/item?id=43941376