When you own the world’s reserve currency you can get away with printing money up to roughly the rate of growth of world GDP without inflation (in theory). The UK did this for decades when they printed pounds back when they had their empire.
When you own the world’s reserve currency you can get away with printing money up to roughly the rate of growth of world GDP without inflation (in theory). The UK did this for decades when they printed pounds back when they had their empire.
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It fits with what I have been observing.
But what happens when the world decides that they no longer want to hold dollars like they have in the past?