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by maxerickson 3463 days ago
What are some concrete examples of Right, which is why everyone let the US slip by when the economy collapsed. happening?

My memory is that other parts of the world had their own economic problems at the same time as the US housing crisis and were paying the US government for the privilege of owning US treasury bonds (rates were 0 ish for quite a while).

On the other side of it, shrugging does seem to have been the standard external response to the currency crisis in Zimbabwe.

1 comments

I dunno, the fact we literally manufactured a trillion dollars out of thin air and the dollar wasn't devalued? Can you cite any other nation doing similar with similar results? The mere SUGGESTION of financial instability as a result of Brexit has ruined the British pound.

*ruined is a bit strong, but it had a serious impact

When we were doing QE, everyone else was as well, so the dollar didn't fall much, but is still worth less. It was probably the right course of action, however, as it was managed well.