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Then why do ascendant powers want to have it?


3 posted on 05/04/2023 9:47:15 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Olog-hai

Because they can create monetary policy that most favours them. Canada, for example, could adopt the American dollar as its currency. We would gain the benefit of lower interest rates, because we are using the world’s reserve currency.

The disadvantage is that we would be stuck with the consequences of US’s monetary policy if it turns out that some of policies have negative effects on Canada’s economy.


7 posted on 05/04/2023 9:51:22 PM PDT by Jonty30 (Black widow spiders aren't the only species that eats their mate after finishing with them. )
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