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by kelseyfrog
1591 days ago
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US laborers suffer from the Triffin dilemma[1] by way of the US dollar acting as both a global reserve currency and a national currency. Should US workers have access to an alternate currency, there is a possibility that the trade deficit wich began in the 1970s could be addressed. Though this would put the US government in the position of controlling the world's reserve currency, but not exerting control over domestic monetary policy which I really don't see happening. 1. https://www.investopedia.com/financial-edge/1011/how-the-tri... |
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