Pinned
US advantages of holding the global reserve currency in simple terms:
- Get real stuff in return for money you print
- Control world banking
- Can run deficits with relatively low inflation
- Imported stuff is cheap
- Capital is very easy to access
- World is invested in your
JD Vance wants to end the US dollar's position as a global reserve currency, because he thinks it allows Americans to consume too much and do so too cheaply.
Keep that in mind the next time you order a $20 burrito on door dash.





