3 ms·
maybe lookup keywords "exorbitant privilege" and "seigniorage", losing reserve currency status does not help reindustrialization.
by polotics 1y ago
maybe lookup keywords "exorbitant privilege" and "seigniorage", losing reserve currency status does not help reindustrialization.
- actionfromafar 1y agoI think the exceptionalism is a too entrenched. All the world was giving US free money. When that music stops, it’s not going to be pretty.