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by andreskytt 1600 days ago
This is much more complex and much less related to globalism than to us monetary policy. Using the dollar as a global fiat is certainly beneficial but it also means others are very interested in selling things to US to get dollars and buying from US means some dollars get out of the immediate circulation. Which is better, who knows, but it’s a specific policy decision by US and _not_ the concept of globalization, that has the consequences described.