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by Longlius
1117 days ago
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How did you read that from what I said? The people who would benefit most from de-dollarization would be the US working class working in manufacturing, agriculture, and primary product exports because suddenly their labor would be cost-competitive with other export-oriented economies. De-dollarization would really be a massive blow to the finance and services class because the US would suddenly be a far less attractive place to park your money whereas it would be good for the class which produces products for export. Michael Pettis' books have a pretty good coverage of this perspective. |
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