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28 sats \ 3 replies \ @Undisciplined 17 Apr \ parent \ on: Is Dollar Dominance Good for the U.S.? (Economic Forces, Josh Hendrickson) econ
You’re the money. How does this normally happen?
Each iteration of the dollar has basically pretended to be the same thing as the previous iteration and the dollar was initially pretending to be gold.
Will the next thing be pretending to be dollars?
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26 sats \ 2 replies \ @denlillaapan OP 17 Apr
good question... and "normally" is a little bit of a stretch... we've had, what, four large monetary shifts in the last 500 years. I'm not sure we know what normal counts for yet
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28 sats \ 1 reply \ @Undisciplined 17 Apr
Jeez, such a cop out.
I want answers writer guy.
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37 sats \ 0 replies \ @denlillaapan OP 17 Apr
yahz, yahz
We’ve only had three or four of these global monetary transitions, so it’s hard to assess Dalio’s claim that this is a universal pattern. And if so, what does it say about the renminbi? About currencies like bitcoin, which are unconnected to a nation state?
https://thedailyeconomy.org/article/the-long-cycles-in-markets-and-political-order/
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