Because the dollar is the international reserve currency, 2/3 of total reserves are dollar denominated. This drives demand for the dollar up, U.S. interest rates down, and creates the conditions for a U.S. trade deficit-- not "unfair" trade practices.https://t.co/Ln0E0auAE2— Prof. Steve Hanke (@steve_hanke) 30 marzo 2018
Economist & Investor | US NIIP at -$27.61 trillion (89% of GDP) | € at 2.5-3 $ by 2035 | US Assets < US Liabilities | US Net Worth < 0
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