Why the Chinese Yuan Won't Kill the Dollar | Daniel Lacallemises.org/wire/why-chinese-yuan-wont-kill-dollar
21 sats \ 4 comments \ @KeynesianClowns 27 Apr 2023 bitcoin
write
preview
related posts
0 sats \ 0 replies \ @notgeld 27 Apr 2023
Looks like the author lives in a tank
The US dollar is the world’s reserve currency due to its open and flexible financial market, freedom of capital movement, investor and legal security, and its status as a secure haven during times of uncertainty, as the year 2022 once again demonstrated.
The problem it seems in freedom of capital movement.
reply
0 sats \ 2 replies \ @03d2338e4e 27 Apr 2023
Because Bitcoin kills both.
reply
0 sats \ 0 replies \ @KeynesianClowns OP 27 Apr 2023
Over the long run, absolutely. This question does remain relevant over shorter time horizons, however.
reply
0 sats \ 0 replies \ @KeynesianClowns OP 27 Apr 2023
deleted by author
reply