3 ms·
The U.S. can absolutely fund Scandinavian‑style social programs, it just chooses not to, in part because the reserve‑currency framework makes the optics of defi
by kelseyfrog 1y ago
The U.S. can absolutely fund Scandinavian‑style social programs, it just chooses not to, in part because the reserve‑currency framework makes the optics of deficits uniquely skewed.
This is one of the consequences of the US's self-inflicted burden of the Triffin Dilemma.