3 ms·
> GDP per capita is irrelevant to the benefits of being the world's reserve currency. If none of that stuff makes the U.S. richer who cares?
by rayiner 10mo ago
> GDP per capita is irrelevant to the benefits of being the world's reserve currency.
If none of that stuff makes the U.S. richer who cares?
- disgruntledphd2 10mo ago> If none of that stuff makes the U.S. richer who cares? Your bondholders certainly care, and you've been living beyond your means for quite some time. I wish you the very best of luck with either massive expenditure cuts causing civil unrest, or hyper-inflation. Honestly, I can't even believe that someone (who generally expresses reasoned viewpoints) would question the value of being the world's reserve currency. There's definitely downsides but it's allowed a lot more flexibility for the US since the 70s.