The argument that the erosion of the dollar’s global status could benefit the US is gaining traction in Washington. That move would be a needless act of self-harm.
The argument that the erosion of the dollar’s global status could benefit the US is gaining traction in Washington. That move would be a needless act of self-harm.
Yes and of course the advantage depends on how that is managed. If you don’t use it to invest, the advantage isn’t as great. But it creates a huge amount of
surplusinflux to the economy, that stimulates economic development.