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21 sats \ 0 replies \ @pillar 29 Dec 2024 \ on: The dollar as a reserve currency and the Cantillon effect econ
The US Federal Reserve is the heart of the fiat money printer. The closer you get there, the more benefit you get out of it.
- US citizens benefit more than other countries' citizens.
- People with close access to the US financial system benefit more than people who have little or no access to it.
- People who can easily get USD benefit more than people who have a hard time finding and/or holding them.
This applies both to borrowing and investing.